Comments on: /NQ & /ES Stock Futures Price Targets

By: jwconk

jwconk — Tue, 25 Feb 2020 16:09:10 +0000

I trade QQQ. I translated Randy's NQ downside targets to t1 = 217.17 and t2 = 215.44 for qqq. Can anyone confirm those levels?

By: bernard

bernard — Tue, 25 Feb 2020 16:00:43 +0000

In reply to vikingwrath. I think Randy's bear flag on the flagpole is good for another drop equal to yesterday's drop, although not all in one day. That brings S&P 3100 into view.

By: bernard

bernard — Tue, 25 Feb 2020 15:56:57 +0000

In reply to rsotc. It seems that S&P 3200 downside target was hit, and sliced through. There is a series of gaps below. The flagpole is long, so another 3% down is playing out.

By: czekboi

czekboi — Tue, 25 Feb 2020 15:36:17 +0000

In reply to rsotc. QQQ 218.60 is the Target?

By: vikingwrath

vikingwrath — Tue, 25 Feb 2020 15:35:29 +0000

Target hit on the ES…not close on the NQ, but the NQ is holding up better. Do you think the drop is probably about over for now, and it’s time for the bounce?

By: Blueberry

Blueberry — Tue, 25 Feb 2020 15:34:39 +0000

Catching a falling knife – almost

By: Robert67

Robert67 — Tue, 25 Feb 2020 15:14:12 +0000

Thanks for the update! We are not looking strong today.

By: rsotc

rsotc — Tue, 25 Feb 2020 14:42:22 +0000

A couple of typos have since been corrected in the post above, including the fact that:... the market "couldn't" catch a half-decent bid... yesterday. To add to the commentary in the post above, this market can certainly break either way today so although short since just before midnight last night, I am still keeping my index positions light, for now, willing & reading to either close them out or reverse back to long on a dime, depending on what the charts bring today. Should the market (and the FAAMGs) take out yesterday's lows followed by impulsive selling, that would essentially be a sell signal via breakdowns below those bear flag patterns on the FAAMG stocks as well as QQQ & SPY (with the bulk of the 'flagpole' being the large gap down yesterday).