Comments on: Market Analysis & Swing Trade Ideas 11-20-19 https://rightsideofthechart.com/market-analysis-swing-trade-ideas-11-20-19/ Stock Trading, Investing & Market Analysis Mon, 20 Sep 2021 15:27:36 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: wilhud https://rightsideofthechart.com/market-analysis-swing-trade-ideas-11-20-19/#comment-8740 Thu, 21 Nov 2019 07:48:03 +0000 https://rightsideofthechart.com/?p=194382#comment-8740 In reply to rsotc.

Add to that HYG has also broken support and 200dma

]]> By: rsotc https://rightsideofthechart.com/market-analysis-swing-trade-ideas-11-20-19/#comment-8737 Wed, 20 Nov 2019 19:20:22 +0000 https://rightsideofthechart.com/?p=194382#comment-8737 Since the video above was recorded, 3 of those 4 top sectors in the S&P 500 (XLK, XLF & XLC) broke down below their respective trendlines off the Oct 3rd lows & are currently trading below, albeit by a relatively small margin. As such, solid daily candlestick closes below at least 3 of those 4 sectors will increase the odds that a correction has started but as if now, a little more work is needed to firm up the case for another 3-4% correction in QQQ (or about 2.5%-3.5% in SPY, which would be a backtest of the recent breakouts to new highs on both).

]]>