Comments on: /NQ & /ES Hit Support, Bounce Likely Followed by More Downside https://rightsideofthechart.com/nq-es-hit-support-bounce-likely-followed-by-more-downside/ Stock Trading, Investing & Market Analysis Mon, 20 Sep 2021 15:23:06 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: RonkoTonko https://rightsideofthechart.com/nq-es-hit-support-bounce-likely-followed-by-more-downside/#comment-8866 Tue, 03 Dec 2019 19:20:59 +0000 https://rightsideofthechart.com/?p=194532#comment-8866 In reply to rsotc.

Looks like the bounce is complete. Down we go again.

]]> By: rsotc https://rightsideofthechart.com/nq-es-hit-support-bounce-likely-followed-by-more-downside/#comment-8865 Tue, 03 Dec 2019 18:10:57 +0000 https://rightsideofthechart.com/?p=194532#comment-8865 In reply to wannabe-swing-king.

Not sure if /ES will make it back to 3100 but that would be my max. bounce target where I’d be booking profits if long (I’m trading /NQ instead). Maybe consider trailing up stops & letting it run as I think there’s a decent chance of a bounce back to 3100. There is also an ascending triangle pattern on the 1-minute charts of /NQ & /ES right now. Both are approaching the apex so they are going to break one way or the other soon & those breakouts could spark the next wave of buying or selling (on a downside break).

]]> By: wannabe-swing-king https://rightsideofthechart.com/nq-es-hit-support-bounce-likely-followed-by-more-downside/#comment-8861 Tue, 03 Dec 2019 16:30:50 +0000 https://rightsideofthechart.com/?p=194532#comment-8861 Hey @rsotc what is your bounce target, 3100? Thank you!

]]> By: rsotc https://rightsideofthechart.com/nq-es-hit-support-bounce-likely-followed-by-more-downside/#comment-8858 Tue, 03 Dec 2019 14:43:51 +0000 https://rightsideofthechart.com/?p=194532#comment-8858 QQQ measured target + my 199.80 target hit where at least a minor reaction is likely before a solid break below & the next leg down. Previous & updated 60-min charts below.

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