Comments on: Market Analysis & Trade Ideas 3-21-22 https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/ Stock Trading, Investing & Market Analysis Wed, 25 May 2022 16:18:11 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23570 Tue, 22 Mar 2022 18:10:15 +0000 https://rightsideofthechart.com/?p=207608#comment-23570 In reply to pangblood.

Thx for the heads up although I’d really like to see ACB take out the 3.71 price resistance plus this downtrend line that comes in just above.

]]> By: rsotc https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23569 Tue, 22 Mar 2022 18:08:11 +0000 https://rightsideofthechart.com/?p=207608#comment-23569 In reply to mljohnson58.

I just took a look & agree that both of the trendline draws you mention appear to be valid. It would help to further valid that uptrend line off the covid lows if the $NDX gets rejected on this backtest. Thx for sharing.

]]> By: rsotc https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23568 Tue, 22 Mar 2022 18:04:31 +0000 https://rightsideofthechart.com/?p=207608#comment-23568 In reply to Mikeflegel.

Market could continue to climb but regarding primary (trend) positioning, personally I wouldn’t go long with the S&P 500 & Nasdaq 100 below their 200-day moving averages as there is a very good chance they, especially the $NDX will be rejected off at least the initial attempt to regain the 200-day MA’s

]]> By: pangblood https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23565 Tue, 22 Mar 2022 14:15:51 +0000 https://rightsideofthechart.com/?p=207608#comment-23565 Randy, ACB broke out!!!

]]> By: mljohnson58 https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23563 Tue, 22 Mar 2022 11:35:28 +0000 https://rightsideofthechart.com/?p=207608#comment-23563 I have redrawn important trend lines on NQ that seem to be more representative of what is happening. 1) The new uptrend line goes from the March 2020 covid lows to the top of last Friday’s candle high. It fits nicely there with many reactions. Makes clear that the rally last week was only re-testing the trend line from below. 2) The falling wedge is redrawn as a falling channel. This new top channel trend line along with the main uptrend line are providing resistance. Two important fib levels are also intersecting in this area, 38.2% from the move down from the market highs and 23.6% fib from the covid low to market highs. Candles are being pinched into resistance with the fibs, trend lines and moving averages. A very slight fall from here could be a quick move down to the bottom trend line making a new lower low. My take anyway.

]]> By: Mikeflegel https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23562 Tue, 22 Mar 2022 02:32:43 +0000 https://rightsideofthechart.com/?p=207608#comment-23562 Shoild we be getting long Randy?

]]> By: mljohnson58 https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23559 Mon, 21 Mar 2022 20:13:50 +0000 https://rightsideofthechart.com/?p=207608#comment-23559 Sorry, this is following NQ for the QQQ short trade.

]]> By: mljohnson58 https://rightsideofthechart.com/market-analysis-trade-ideas-3-21-22/#comment-23558 Mon, 21 Mar 2022 20:11:41 +0000 https://rightsideofthechart.com/?p=207608#comment-23558 Again, another last-minute close to get a 60 min candle, just above the Fib level and just above the 10 and 20 EMA‘s. They are trying desperately to stay above those moving averages as once below, things will move down quickly unless they can get back above those ma’s.

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