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Near-term Stock Market Outlook (video)

This is a brief video providing the near-term outlook & some technical developments & levels to watch for on the US stock market via QQQ & SPY as well as the NQ & ES E-mini futures.

playback speed can be increased in the settings to reduce video duration

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2018-05-11T12:07:35+00:00May 11, 2018 12:07pm|Categories: Equity Market Analysis|Tags: , , , , , |7 Comments

7 Comments

  1. jamesp May 11, 2018 12:23 pm at 12:23 pm

    Hey Randy could you upload these in higher resolution again to better see the charts? thanks

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    • rsotc May 11, 2018 1:23 pm at 1:23 pm

      Sorry about that. I used to have the video recording settings to record in 720p HD but this one appears to be in 480p max resolution for some reason. I’ll check the settings on the next recording to make sure to revert back to 720p HD but I can’t change the current video above the resolution that it was recorded in.
      Sorry for that but I’m glad that you pointed it out so I can make sure that the future videos are recorded in HD.

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  2. BIGBADWOLF May 11, 2018 12:28 pm at 12:28 pm

    Hi Randy,

    There is also a H&S pattern formed on minute chart of QQQ and it has so far played out to the measured level.

    Update: after fully played out, QQQ is trying to kick back to test the trend line.

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    • rsotc May 11, 2018 1:51 pm at 1:51 pm

      Also, note that QQQ is backtesting the 168.90ish support which is the bottom of the big March 19th gap + other reactions. QQQ managed to backfill close to half of that gap but reversed there & is backtesting the bottom of the gap (support) from below now.

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      • BIGBADWOLF May 11, 2018 2:00 pm at 2:00 pm

        Just curious: why would the bottom of the gap be a support in this case? I thought we didn’t meet resistance there, and not too many reactions at that level.

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      • BIGBADWOLF May 11, 2018 2:56 pm at 2:56 pm

        Potential inverse H&S forming on 5 minute chart of QQQ. Failing to break down the 168.9 support could trigger another leg up.

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