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Last Objective Short Entry On QQQ?

QQQ still offers an objective short entry with a stop somewhat above the 153.85 resistance level or the recent highs as the Q's are currently indicated to open just below that resistance level today following the third test from below since the gap & breakdown below the 60-minute bearish rising wedge pattern last Thursday.

QQQ 60-min Nov 10th close

QQQ 60-min Nov 10th close

Likewise, /NQ (NDX emini futures) still offer an objective short entry here with a stop somewhat above the 6320 resistance level or the recent highs with price targets* at 6210 & 6127.50. *actual support levels, best to set a buy-to-cover (BTC) limit order slightly above one's preferred price target(s).

NQ 60-min Nov 13th

NQ 60-min Nov 13th

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Nov 13, 2017 8:53am|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: , , |2 Comments

2 Comments

  1. rsotc November 13, 2017 11:37 am at 11:37 am

    Another test of the 153.85 level on QQQ.. a key level to watch for either a failure (bearish) or impulsive break & 60-minute close above, especially a close above the previous high of 154.54.

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  2. rksleung November 13, 2017 1:35 pm at 1:35 pm

    Clear example of manipulation at its best. They obviously don’t have the energies to push it up the resistance. Normally, the bears would win. They then hold it there until market close. When Nikkei open tonight realizing that the US market didn’t get affected one iota, Nikkei would rally big tonight, lifting NQ and ES. Open above 144 tomorrow for QQQ and it becomes support.

    WTF!!!!

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