Comments on: Covering Shorts- IWM & AMZN At Key Price Targets https://rightsideofthechart.com/covering-shorts-iwm-amzn-at-key-price-targets/ Stock Trading, Investing & Market Analysis Thu, 16 Mar 2023 01:32:22 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/covering-shorts-iwm-amzn-at-key-price-targets/#comment-23865 Thu, 12 May 2022 14:01:20 +0000 https://rightsideofthechart.com/?p=208006#comment-23865 In reply to Blueberry.

/NQ is (and was) trading around 11700-11800 now & in pre-market (around the time of this post) so basically, we have QQQ & SPY trading below T2 on the weekly chart & /NQ below comparable support as well with IWM, AMZN, SOXX (semis), IYR (REITs), and some other key stocks/sectors hitting support today.

As such, we’re either going to see whipsaws in the large-cap indexes (SPY & QQQ), with a reversal & recovery back above those recently taken out levels (which, keep in mind, are weekly targets & the week isn’t over until 4pm tomorrow) or the large-cap will continue down to my next targets, most likely taking IWM, AMZN, SOXX, etc.. below the support levels/targets they hit today.

]]> By: Blueberry https://rightsideofthechart.com/covering-shorts-iwm-amzn-at-key-price-targets/#comment-23862 Thu, 12 May 2022 13:13:31 +0000 https://rightsideofthechart.com/?p=208006#comment-23862 I guess that translate to roughly 13,000 on NQ futures if the IWM is 192.

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