Comments on: /NQ QQQ Hit First Price Target; IEF Enters Yellow Zone https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/ Stock Trading, Investing & Market Analysis Fri, 07 Jun 2024 18:32:25 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/#comment-30809 Tue, 13 Feb 2024 16:26:19 +0000 https://rightsideofthechart.com/?p=213403#comment-30809 In reply to Mikeflegel.

Sure. I’m uploading a video now that covers this but I reversed (again) right about where /NQ is trading as I type (reversed short to long at this morning’s low & went back from long to short here) based on this bounce target on my /NQ 60m chart but I also cover QQQ in the video that will be posted soon.

]]> By: Mikeflegel https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/#comment-30808 Tue, 13 Feb 2024 16:04:29 +0000 https://rightsideofthechart.com/?p=213403#comment-30808 We got the opening bounce you were speaking of. Looks like now at 11 o’clock Eastern. We’ve gotten all the bounce back we’re going to. Since this is a major turn can you please keep
Us updated as I would like to go short again.

]]> By: rsotc https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/#comment-30807 Tue, 13 Feb 2024 14:35:24 +0000 https://rightsideofthechart.com/?p=213403#comment-30807 In reply to Alan.

Yes, a post-opening bounce is likely IMO & worth a shot for active traders to cover shorts & go long for a quick bounce, then back short again

]]> By: Alan https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/#comment-30806 Tue, 13 Feb 2024 14:31:22 +0000 https://rightsideofthechart.com/?p=213403#comment-30806 In reply to hotrodricky.

that is the question.. at least a little bounce…

]]> By: rsotc https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/#comment-30805 Tue, 13 Feb 2024 14:30:44 +0000 https://rightsideofthechart.com/?p=213403#comment-30805 In reply to hotrodricky.

Being that SPY & QQQ are going to gap down & open on those key trendlines, I do except Pavlov’s dogs (dip buyers) to step in. Can’t say if they will backfill all/most of the gap but I suspect some of it.

HOWEVER, there is a shyte-ton of hot air in this market so one can’t underestimate the potential for a very crowded rush for the exits.

Translation, I think a post-opening bounce is likely but very much open to those trendlines getting sliced thru today with little, if any reaction first.

]]> By: hotrodricky https://rightsideofthechart.com/nq-qqq-hit-first-price-target-ief-enters-yellow-zone/#comment-30804 Tue, 13 Feb 2024 14:20:17 +0000 https://rightsideofthechart.com/?p=213403#comment-30804 Will the gaps need to be back filled?

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