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:
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Pullback is done.
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Good volume today as well.
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No swing in the NAS100USD yet… 1 hour and FOMC meeting. I think no rate hike is coming today.
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We have a swing low.
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The daily cycle is quite mature this is the maximum we are going to get , I’m closing this trade.
Hi chartwatchers, Continue your good work. Am one of your readers n i appreciate your articles bro. Waiting for the next nas100 article soon. ICL to hit bottom somewhere around September?
michaelkid_wang
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Thank you ;D
michaelkid_wang
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Thank you
michaelkid_wang
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The woe to the author’s prediction has been lasting longer than I expected.
michaelkid_wang
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Lmao
michaelkid_wang
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I don’t too much care about the ICL for the Nasdaq, SP, or Dow for the long term investment. Looking back their history, the long term trends are always up. The trick part is to short them short term, as stated in my previous comment. I stopped this short term trade last Friday already with 400 points profit, not too much comparing to the long term investment, but good for the extra money thanks to your original post.
michaelkid_wang
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I don’t predict to bluff people to play with their hard earned money. If I had to, I would just reverse your idea for one week or two. And I don’t play game with my real money either. I would leave you to play with yourself. In current situation, I set up stop loss at 15100. If it goes down below 13600, I will change stop loss to 13600. If it swings between these two numbers in the following two or three business days, I will stop.
chartwatchers
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@michaelkid_wang, your stop was hit at 15100. I’m long from 14200. From this point I will accept any comment of yours with an idea what you post in real time. All the other trolling comments will be removed.
ed_poo
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Hi there. Current nas100 is 13973. Do you forsee it going down still , or what would be a ideal level to pick up some to keep ?
chartwatchers
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@ed_poo, if we close above 14.600 we will have a swing. You could start a position there if you didn’t buy at the pullback
Continue your good work. Am one of your readers n i appreciate your articles bro. Waiting for the next nas100 article soon. ICL to hit bottom somewhere around September?