trade timing signals - using Advance-Decline line tools

[NASARAVI]

RIM and RCKS

Thank you for the mentoring me - I am eternally grateful to you both.

Since I trade TQQQ, today I Will focus on NDX assessment only. Keeping it simple for now.

Analysis for July 27th -Anatomy of recent Bottoms and Tops (focusing on MCSUM)

1. McSUm for prior low was on July 5 at 517.7 print bottom
Real bottom came earlier on June 27
RIM went long on June 28
NDX AD line, NDX McOSC bottomed on June 27
%BB 21,2 spike low also on June 27
Price print low came on June 27

2. MCSUM for recent high on July 25 at 799 print top
There was a prior high on MCSUM on July 19 at 850.86 print top
Severe -ve D in lower MSCUM with higher price showing impending turn down
RIM went short on June 25 late evening
Price spiked above 50,2 upper BB with negative D
-ve D on MCSUM, MCOSC,
-ve D AD line 669.39 to 669.10 for 17/25

3. General market NDX only
We have BB width down trending lower
MCOSC turning down and -ve D
MCSUM and % BB all trending down

4. Takeaway
While I did not go short as yet - as I am still learning
The trend is down
Used MCSUM with elders color code and ema 3 discriminator - helps quite a bit

5. Plan is to go long TQQQ at bottoms and SQQQ at tops
Hope I can do that as a swing trade is my goal
I would like yo get the same conviction as RIM to enter long or short and hold it
MCSUM is very very useful tool to see the ST trend as it develops and evolves

6. Kindly give feedback - to see what I am doing wrong
Have a great weekend