Nasdaq (NDX) Monthly Pivots suggest time to invest is nigh

TLDR: If you want to invest long term buy the dip the time is upon you. I think we bounce off the upward slopping trendline but if we don't I just consider it time to Dollar Cost Average. There may be lower prices but the time to start seriously looking is here.

Introduction
I am not a big pivot trader but during times of relative quiet in the market I experiment with more indicators to see what insights I can get. I am predominately a crypto trader and a bit stuffy of a stuffy investor when it comes to my equities. My retirement plan has some 40 options and I basically just by indices.

The history on QQQ is pretty short compared to DJI or SPX but it the big boy in town. It has been either topping or in a downtrend for about a year depending on how you measure it. Very if one were to zoom in you would see price has bounced off S2 very perfectly.

For me, this is a win-win time to buy. If price bounces like I expect I did a great job buying this pull back. If not then I have found a decent place to buy on the downtrend. When the pivots next print I will buy extra at S1 and S2 again.

This potential stability for me is important because it helps provide a more stable macro environment for my crypto trades.

And of course, my linked ideas show my wider thinking on the bullishness in the market.

Comment:

If you hit the play button on the main idea you see my draw holds and price has set a higher low on the monthly. I continue to buy dips in assets I like with this setting my macro trend.