The Pivots and the NQ1!

I favor the NQ for longs it is faster and first to the party, and less heavy. Tech is what is holding up this Economy with all the new buss about chatGPT, AI I Architected an AI SIEM/SOAR in 2003, long before QRadar or ArcSight or even Splunk... they didn't use AI the stored the logs in a database. My philosophy was that the SIEM security information event management should respond to high risk, high vulnerability targets. For example cut the tcp/ip session at the switch using AI SW. There are many ways to teach an AI this would be through structured training, designed to respond to attacks. Since I did that I taught 800 SIEM Engineers and did a one man SIEM Consulting rampage across the US, as a C corp executive/Consultant. Enterprise Securoty Consulting, a Wyoming corporation.

Back to the market we rolled over as I explained in previous posts, and we went down like I predicted. Now we have completed the 5 waves, done an ABC and are heading up, the market will do every imaginable trick to steak your trade, but if you stay in till morning we may be at an R3 or R4.

The trend is clearly down, which is why i was so frustrated today not wanting to short S4 knowing S5 would act like a repelling magnet, I'd rather short but just to prove my trading skills sometimes i will take a long at night to replace losses of going long during the day. Sometimes by morning i have a substantial profit.

If tomorrow is like today I am going to let go of the idea of only shorting green R levels
we may have to short S4 if necessary.

Comment:

Forget the idea that we cycle between S4 to R4, back down to S4, for the time being they will sell off any rally attempts, that pattern has continued since the close.