chartwatchers

NAS100USD - Positioning for 2022

Long
OANDA:NAS100USD   US Nas 100
The Virus had set the stock cycle quite accurate in the last 2 years.

It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03.05.
2022.01.24.

2. the other one is "just" a normal ICL (highlighted by blue)
2020.09.21.
2021.10.04.
2022.09....?

The next "normal " ICL will be due only at the end of summer, most probably in September.
So when the ICL is printed you just need start a long position .
The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.

We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:


Use today's pullback for an entry:
Comment:
Pullback is done.
Comment:
Good volume today as well.
Comment:
No swing in the NAS100USD yet…
1 hour and FOMC meeting. I think no rate hike is coming today.
Comment:
We have a swing low.
Comment:
The daily cycle is quite mature this is the maximum we are going to get , I’m closing this trade.
Trade closed manually

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