Comments on: Early-Session Stock Market Analysis 9-6-22

By: Mikeflegel

Mikeflegel — Sun, 11 Sep 2022 21:51:04 +0000

Trying to learn by question below below. In hindsight the up was the way we were to go and it sounded like what you favored.. I have to assume that on Friday and a long weekend you just weren’t going to commit either way. Thanks Randy

By: Mikeflegel

Mikeflegel — Tue, 06 Sep 2022 16:49:12 +0000

I hear that your intuition tells you that the day favors The long side. What is changed since Friday when you were not going to Take a long no matter how good the Charts looked like. Thank you Randy

By: rsotc

rsotc — Tue, 06 Sep 2022 15:35:43 +0000

In reply to dayoub. Agreed, no divergences, not even close, on the daily time frame of QQQ. However, the PPO signal line is still in bearish territory (above both the zero line & the alternative bull/bear levels just below the zero line) on the daily chart & currently testing the zero line from above. Another do or die level for the bulls that they need to defend or risk another big leg down.

By: dayoub

dayoub — Tue, 06 Sep 2022 15:09:35 +0000

i do not see bullish divergences on daily QQQ using RSI 5 and MACD…….poised to add shorts if BACKTEST or dump shorts if closes above trend line……thanks