Comments on: Additional Sell Signals on QQQ & /NQ

By: rsotc

rsotc — Thu, 04 Mar 2021 18:14:15 +0000

In reply to becky. I see positive divergences on the 60m chart of QQQ but not /NQ with divergence on the /ES 60m but barely with any more downside (it is 1:10 pm now with /ES at 3763) to take out or negate those divergences. Sitting tight on my index swing shorts for now.

By: rsotc

rsotc — Thu, 04 Mar 2021 18:08:01 +0000

In reply to dayoub. Agreed, QQQ has minor support around 305 which is where I have a small horizontal line on my daily chart (in recent videos & screenshots) drawn under the Dec lows. That's also the potential bounce target off my 397 target as drawn with the recent scenario arrows. While we could turn back down there if/when QQQ bounces off 297, I suspect that we'll slice right thru it on the way down to 297 with little to no reaction. Therefore, I won't be covering any shorts there to try and game a bounce.

By: becky

becky — Thu, 04 Mar 2021 18:01:58 +0000

In reply to tslamoon2022. I have the same flashbacks.

By: tslamoon2022

tslamoon2022 — Thu, 04 Mar 2021 16:29:45 +0000

In reply to becky. I’m thinking of covering, the DL making me nervous Flashbacks to “bear market rally” of 2020

By: becky

becky — Thu, 04 Mar 2021 16:15:27 +0000

In reply to Flanny3. Mhm too early to say with confidence. I am on the sidelines for now.

By: Flanny3

Flanny3 — Thu, 04 Mar 2021 15:52:33 +0000

In reply to becky. think the low is in

By: becky

becky — Thu, 04 Mar 2021 15:43:19 +0000

Divergent low on hourly on futures.

By: dayoub

dayoub — Thu, 04 Mar 2021 15:30:47 +0000

looks like QQQ has another minor support at 305ish ?