|NASDAQ 100 Review|
The Nasdaq 100's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Is the Nasdaq 100 ready to run and tank down a few more barrels? Where does it stand in the Evolution of the Trade (EOT)?
The EOT sees Nasdaq 100 ($NDX, $QQQ, etc.) as a 28-month and 89% primary undergoing a composite trend consolidation. A composite trend consolidation is defined as a misalignment of the daily (down), weekly (up), and monthly (up) trends. The daily trend is currently down. Why are we looking at it then?
Scott, a follower of the EOT, called it right. Should we be looking at the Nasdaq 100? Look but don't touch until the daily trend flips back up. This will create a RESET in the EOT. A RESET preceded by a statistically significantly bullish energy build increases the probability of continuation of mark up.
Download the Matrix and click Nasdaq 100's DI chart link under DI2. Listen to the invisible hand while adhering to the EOT. Good things often happen when we do.
Check out the Nasdaq 100's energy build.
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