Just a Experiment watching the Nas and QQQ and TQQQ Price get Slapped Down!!! When or Just after CCI Spikes up...Also some Buys after CCI spikes Down. This is on 1 Hour Charts,,yet works on 30 min and 2 Hour but different.
Just Doing a Back Test using the CCI indicator. To Create Buy Signals..The Algorithm-Theory is when the CCI Breaks bottom line as set. You Buy 2 Day after CCI Break...So this chart is some History of that.Yes I could have used RSI. Yes I could have used MACD..Yet I am using CCI because maybe Better in Down Trend. The Green Flags are CCI Breaks alerts.The Arrows...
I Think ETF will Complete A M Pattern Move Up as Arrows on Chart Show
Trade at 75 Buy to 80 Sell for Bounce Attempt Back in The Cloud. It May Fail before it hits Cloud.
I have My Doubts Market will Run away next week..Looking for more Chop)))!