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$NQ:very important update
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$NQ:very important update

0215 cst

Derek William Frazier
Aug 30, 2022
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$NQ:very important update
www.advisedtrader.com
  • 1% capital allocation due to riskiness of picking a 5 day cycle bottom after stretching downwards post 80 day failure …alternative hypothesis is that the 80 day cycle is forming here. Tomorrow being a gradual up day with a buying channel of some kind, will make me think that a new 80 day cycle has started. This will force a major long position… Major

  • the index can move to 750 here

  • continuing from Sunday night’s discussion about the possibility to move higher…

  • lack of Globex selling is a clue of bullish continuation and initiation tomorrow NY open…

  • Long term buyer buying all the dips

  • a stop below 400; target 750 may not get hit

  • IF $NQ holds a bid below 400, it should go to 250.

  • selling rallies is an idea that will not get old as time goes on this week it may become apparent that the 5 day cycle peak is already in from 12600..

  • Picture the 250 number coming on $NQ pretty easy

  • That would be a huge down WEEK in the making

  • remember UVXY 0.00

  • dont rule out bearishness, if volume shows continuation, then that is a big down day coming; which means get short early

  • not financial advice

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$NQ:very important update
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6 Comments
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Derek William Frazier
Aug 30, 2022Author

1113 cst too much short covering still. closed

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Derek William Frazier
Aug 30, 2022Author

1111cst short 350 stop 10 pts

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