$NQ:very important update
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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