Comments on: Falling Wedges On Stock Indexes, NVDA & AVGO At Support

By: KevinK

KevinK — Mon, 09 Sep 2024 04:23:11 +0000

In reply to KevinK. I was right... No bounce. Good time to short.

By: rsotc

rsotc — Fri, 06 Sep 2024 18:38:47 +0000

In reply to B-Right. Already have. QQQ & SPY took out the bottom of those gaps & although still holding just below the 5440ish & 18490 key support levels on /ES & /NQ, which we''ll probably close within +/-2% today, I've seen enough evidence to go back short in the active trading & go home short into the weekend, barring any massive reversal into the close today (although I'll probably be shutting down early for the weekend).

By: Mikeflegel

Mikeflegel — Fri, 06 Sep 2024 15:38:22 +0000

In reply to George. Noooo, not me.

By: George

George — Fri, 06 Sep 2024 15:32:48 +0000

What are your thoughts on QQQ long at 450ish level?

By: Mikeflegel

Mikeflegel — Fri, 06 Sep 2024 15:07:45 +0000

In reply to KevinK. Yes.

By: KevinK

KevinK — Fri, 06 Sep 2024 15:03:09 +0000

If you use the 10 year/ 2 year comparison on treasuries, the yield curve is uninverting today.
Almost always a good signal to short.

By: Mikeflegel

Mikeflegel — Fri, 06 Sep 2024 14:50:45 +0000

When you completly goof a call like this morning is there any way you could update it for us? Everyone goofs that is not the point. Correcting it timely please and what it means going forward. Seems reasonable. Down 334 qqq. Ouch.

By: George

George — Fri, 06 Sep 2024 14:50:23 +0000

Are you still long QQQ?

By: B-Right

B-Right — Fri, 06 Sep 2024 14:47:56 +0000

The hourly divergence has been taken away on the Qs. If there is a bounce now it will only be sold into IMO

By: stockninja

stockninja — Fri, 06 Sep 2024 14:25:30 +0000

Such a hard place to be. To me this break of the trendline for NVDA is a solid break mid day but will it regain the trendline at the end of the day? Seems like a lot of selling pressure and any bounce gets sold.