https://rightsideofthechart.com/index-tech-sector-breakout-2/ Stock Trading, Investing & Market Analysis Fri, 20 Mar 2020 04:00:10 +0000 hourly 1 https://wordpress.org/?v=7.0 https://rightsideofthechart.com/index-tech-sector-breakout-2/#comment-13088 Fri, 11 Oct 2019 15:26:25 +0000 https://rightsideofthechart.com/?p=193678#comment-13088 According to GAHN CHARTS this October came out the most bullish month(21 year) and it is great possibility that SPX 3125 & Nasdaq 8225. Then the shorting opportunity will come. The upside top may come during OCT & then the adjustment. That’s how i have seen the charts please trade at your own will & my opinion is my thought only, no advice and also no suggestion. Good Luck.

]]> https://rightsideofthechart.com/index-tech-sector-breakout-2/#comment-13087 Fri, 11 Oct 2019 14:43:42 +0000 https://rightsideofthechart.com/?p=193678#comment-13087 As of now, today’s breakouts are solidly intact & with the indexes comfortably above the key resistance level/breakout points. Today also has the early makings of a trend day although if this market has taught us anything in recent months, it’s that it loves to pull very sharp & sudden reversals and it been plagued with false breakouts in both directions (bullish & bearish).
As such, for active traders looking to position short if we get those sell signals with both /ES & /NQ breaking down below those yellow uptrend lines on the 60m charts, my initial (and quite possibly final) pullback targets would be just above the 7786 support on /NQ & the 2958 S on /ES with a second potential target of 2946. Stay nimble & remain open to all possibilities.

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