Market Wrap for 8-2-18 (video) End of day market wrap for the US stock market via SPY, QQQ, ES & NQ, including some near-term levels & technical developments to watch for. playback speed can be increased in the settings to reduce video duration 1+ Related posts: Closing Stock Market Wrap 10-4-18 Closing Market Wrap for 9-26-18 Closing Market Wrap for 9-12-18 Stock Market Wrap for 6-7-18 (video) Near-term Stock Market Outlook (video) 2018-08-02T17:51:35+00:00Aug 2, 2018 5:51pm|Categories: Equity Market Analysis|Tags: $NDX, $SPX, /ES, /NQ, QQQ, SPY|3 Comments Share this! (member restricted content requires registration) FacebookTwitterLinkedInRedditGoogle+TumblrPinterestVkEmail 3 Comments joefriday August 2, 2018 9:40 pm at 9:40 pm Log in to Reply Im leaning to today being a countertrend rally… next wave down coming next. 0 rsotc August 2, 2018 10:29 pm at 10:29 pm Log in to Reply Thx JF. So far both /ES & /NQ turning down off resistance on the 60-minute close in evening trading but as of now, those pullbacks are taking the form of potential bull flag continuation patterns & that is one heck of a flagpole leading up to the flags (i.e.- big measured upside targets if they do play out). 0 BIGBADWOLF August 3, 2018 2:00 am at 2:00 am Log in to Reply IMHO bulls just reclaim the midpoint of the recent swing low to swing high on QQQ. They are now at the midpoint of the upper half. A fail here will bring us back to the midpoint of the lower half, roughly 172. But we can also rally to the highs, and a fade there, likely with divergences, will lead to a bigger move down to 6/28 low and potentially breaking that level. 0 Leave A Comment Cancel replyYou must be logged in to post a comment.