Comments on: /NQ & QQQ At Downtrend Line Resistance 5-7-24 https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/ Stock Trading, Investing & Market Analysis Fri, 07 Jun 2024 18:41:11 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: yahoo https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/#comment-31909 Tue, 07 May 2024 15:23:36 +0000 https://rightsideofthechart.com/?p=214105#comment-31909 In reply to yahoo.

In other words, this may be a suckers rally. Be careful.

]]> By: yahoo https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/#comment-31908 Tue, 07 May 2024 15:22:31 +0000 https://rightsideofthechart.com/?p=214105#comment-31908 In reply to yahoo.

Just another view point, EWJ (Japan) was not able to hold above the 50 day SMA. Japan is often a good indicator of US tech stock appetite. This may be a wave 2 in elliott wave.

]]> By: jmccallum https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/#comment-31907 Tue, 07 May 2024 15:22:13 +0000 https://rightsideofthechart.com/?p=214105#comment-31907 https://tvc-invdn-com.investing.com/data/tvc_cff60feccbfc8345050f0d1ab5331040.png

NQ still under trend, no?

]]> By: yahoo https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/#comment-31906 Tue, 07 May 2024 15:14:46 +0000 https://rightsideofthechart.com/?p=214105#comment-31906 Just a constructive view/comment, we are overbought (hourly chart) with 3 gaps. A pullback is warranted but how deep?!

]]> By: Alan https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/#comment-31905 Tue, 07 May 2024 15:05:48 +0000 https://rightsideofthechart.com/?p=214105#comment-31905 Starting to breakout above trendline. Curious to see how day ends. I closed most of my shorts yesterday. Interesting that NVDA is down a lot and SOXX is up.

]]> By: Pbathula https://rightsideofthechart.com/nq-qqq-at-downtrend-line-resistance-5-7-24/#comment-31904 Tue, 07 May 2024 15:01:11 +0000 https://rightsideofthechart.com/?p=214105#comment-31904 what next ? this did not play out. bullish?

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