Comments on: Closing Stock Market Analysis 2-24-20 https://rightsideofthechart.com/closing-stock-market-analysis-2-24-20/ Stock Trading, Investing & Market Analysis Tue, 25 Feb 2020 15:15:21 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: jwconk https://rightsideofthechart.com/closing-stock-market-analysis-2-24-20/#comment-9847 Tue, 25 Feb 2020 15:15:21 +0000 https://rightsideofthechart.com/?p=195975#comment-9847 In reply to rsotc.

Thank you for your insights.

]]> By: wilhud https://rightsideofthechart.com/closing-stock-market-analysis-2-24-20/#comment-9838 Tue, 25 Feb 2020 07:10:39 +0000 https://rightsideofthechart.com/?p=195975#comment-9838 Don’t forget Apple effectively issued a profits warning and has barely moved the needle since… It also has at least 7 or 8 gaps to the downside. See press release 17th Feb. https://www.apple.com/newsroom/2020/02/investor-update-on-quarterly-guidance/

Look at that MACD on the weekly chart coming right at the top of the channel I’ve drawn.

Gapple

]]> By: rsotc https://rightsideofthechart.com/closing-stock-market-analysis-2-24-20/#comment-9837 Tue, 25 Feb 2020 04:25:40 +0000 https://rightsideofthechart.com/?p=195975#comment-9837 In reply to jwconk.

Yes.. medium-term bearish as of now. However, while I normally stay off the website at night, only getting back onto the computer to review charts, I just logged on to post that upon further review of the charts, I decided to reverse back from long to short here around 9782 on /NQ (just after 11pm). I had logged on to post that in the comment section & saw your question.

Shutting down for the night now but after reviewing the charts, as well as the lackluster rally into & after the close today, I suspect that the bounce may have run its course with one more thrust down tonight or tomorrow morning.

Still keeping it relatively light for now & will reassess things in the am & I think I should have some more visibility on the direction of the next 3-5%+ move in the market tomorrow but will have to assess the charts as they develop but now leaning towards something along these lines (/ES 60m chart below)…

]]> By: jwconk https://rightsideofthechart.com/closing-stock-market-analysis-2-24-20/#comment-9836 Tue, 25 Feb 2020 03:41:45 +0000 https://rightsideofthechart.com/?p=195975#comment-9836 Randy: I get that you are open to a short term bounce. But is it also fair to say that medium term you are sold on the bear case?

]]>