Replies to post #21402 on Cycle Trading

[spdpro]

here is a "proxy" comparison chart /NQ to TQQQ
right now the /NQ value is value is 11095.00 to TQQQ 122.12
this is what I use during the night and it's pretty accurate

[dotnet]

Another pattern happening i saw from one of great traders on twitter. started bouncing exactly after 14% down. wonder if we are going to have new highs.

Incidentally in the furious run up to the March 2000 top Nasdaq had an initial 14% correction off of all time highs which was bought for a new high & then the bottom fell out.
Just observing as $NDX has just dropped nearly 14% in Sept. following a furious rally to all time highs

[dotnet]

so, exit will be break of first support on the 15 min?
this price action is very simple to trade. best I have seen.

[Duma]

So what do we have, w4 of 5 up waves, or w1 of a new down cycle. We will soon find out. Nasty drop this morning. Since we just finished a 3 wave up cycle after 5 waves down, I would lean toward a new 5 wave cycle down.