also, per my discussion in last night's video on the cycles -
PLAYED OUT PERFECTLY
I discussed SPX and QQQ ping ponging between the support and
resistance cycles almost perfectly on the 78 min time frames, I
stated once price breaks through one of those cycles (instead of
reversing at one) that would signal a breakout and trending wave 3
- got that perfectly today.
and why was the move so strong? Well as I stated, when you
finally break that cycle, it signals a wave 3 trending move and
wave 3's are the strongest waves, hense massive rally today
also, per my discussion in
KISS SPX, QQQ nice bump up in the STS stops
Posted by matt on 13th of Dec 2023 at 05:12 pm
also, per my discussion in last night's video on the cycles - PLAYED OUT PERFECTLY
I discussed SPX and QQQ ping ponging between the support and resistance cycles almost perfectly on the 78 min time frames, I stated once price breaks through one of those cycles (instead of reversing at one) that would signal a breakout and trending wave 3 - got that perfectly today.
and why was the move so strong? Well as I stated, when you finally break that cycle, it signals a wave 3 trending move and wave 3's are the strongest waves, hense massive rally today
Nice call Matt
Posted by morton7 on 13th of Dec 2023 at 06:26 pm
Nice call Matt