Comments on: Closing Stock Market Analysis 2-23-22 https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/ Stock Trading, Investing & Market Analysis Sun, 11 Sep 2022 15:18:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: stockninja https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/#comment-23356 Thu, 24 Feb 2022 13:54:47 +0000 https://rightsideofthechart.com/?p=207408#comment-23356 @rsotc as of 2-24-21 morning, are the positive divergences still intact? Would you be able to do a quick post showing current levels. Thank you!

]]> By: becky https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/#comment-23355 Thu, 24 Feb 2022 13:41:15 +0000 https://rightsideofthechart.com/?p=207408#comment-23355 @rsotc please post an update before the opening bell.

]]> By: Blueberry https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/#comment-23354 Thu, 24 Feb 2022 13:19:04 +0000 https://rightsideofthechart.com/?p=207408#comment-23354 Of course anything could happen like you said and we can rally back to new highs, but suppose this is the one we’ve been waiting for, the next dot com bubble, the next financial crisis 2.0. etc, could the bear market reach the covid lows of each index?
I wager there be a bounce of the covid highs on the indices too (T4), but with the repercussion of almost limitless QE, high inflation, war, meme stocks, everything bubble, I am thinking the bear market will exceed 50%. I have a figure of around 65% in my head where I will close my short positions and be happy to take this opportunity of a lifetime.
As mentioned before I’m well aware it could just u-turn around and rally but thought I’d share a piece of my mind and targets.

]]> By: rsotc https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/#comment-23353 Thu, 24 Feb 2022 13:10:03 +0000 https://rightsideofthechart.com/?p=207408#comment-23353 In reply to Imadaytr8r.

Wouldn’t surprise me to see the Q’s cut right thru T2 although as of now, the odds still favor a reaction off the initial tag of that level but we’ll see how the charts look if & as we approach it.

One strategy, besides booking profits there, would be to lower or trail down stops at that point so if QQQ does smash right thru T2, you stay short & if it rallies off that support, you get stopped out with minimal give back in profits.

]]> By: Imadaytr8r https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/#comment-23351 Thu, 24 Feb 2022 06:07:07 +0000 https://rightsideofthechart.com/?p=207408#comment-23351 In reply to Mikeflegel.

Look at the futures! We might crash right through QQQ T2 as if it doesn’t exist! Thanks you Mr. Putin.

10:00 PM PST
S&P -93.75
DOW -728
NAS -353
RTY -44
CRUDE +$5.00
BTC. – $3310.00
GOLD +$33.00

YIKES!

]]> By: Mikeflegel https://rightsideofthechart.com/closing-stock-market-analysis-2-23-22/#comment-23350 Thu, 24 Feb 2022 02:11:33 +0000 https://rightsideofthechart.com/?p=207408#comment-23350 The pete E crash is working out crazy enough. His bottom is forecast for march 1. 4 days left. What a day today.

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