Comments on: Nasdaq Bounce Off Trendline Likely Over, Next Sell Signal Pending

By: ajp17

ajp17 — Tue, 21 Mar 2023 18:43:31 +0000

RTY and ES have both broken through resistance but we’re still expecting a selloff on NQ/QQQ?

By: MichelMayer

MichelMayer — Tue, 21 Mar 2023 18:35:37 +0000

In reply to rsotc. No problem Randy, when i make a trade i take consideration of many factors and indicators wich are mostly all bearish right now an will assume the results

By: rsotc

rsotc — Tue, 21 Mar 2023 16:18:33 +0000

In reply to MichelMayer. As I like to say, 'hope' is a 4-letter word in trading/investing. The only guarantee I like to give is the guarantee that I will be wrong & wrong a lot. Your positioning (or lack thereof, as going flat/into cash before a big FOMC meeting may be the best option for many) should be aligned with YOUR outlook for the market and/or any other securities you hold as well as your risk tolerance, as the market & many rate-sensitive assets, is likely to move sharply one way or the other after the FOMC announcement.

By: MichelMayer

MichelMayer — Tue, 21 Mar 2023 15:24:42 +0000

Hard to beleive this market will go down tomorow when all of us know that powell wont raise rate more than .25 %, we need a bad news and i don’t think it is going to come before next trimestrial reports of co. But this is not technical at all and as i am short, hope you right Randy. Just read from an other site using fibonacci technical, if sp500 breaks up 4009 it will go up to 4067 before turning.

By: rsotc

rsotc — Tue, 21 Mar 2023 14:44:33 +0000

In reply to Mikeflegel. Not sure what the 2nd Meadow means. Pls clarify

By: Mikeflegel

Mikeflegel — Tue, 21 Mar 2023 14:39:15 +0000

Could we be the 2nd Meadow in case of a solid sell? Thanks