Comments on: /NQ & QQQ Micro-Analysis 9-14-22

By: Mikeflegel

Mikeflegel — Wed, 14 Sep 2022 21:13:21 +0000

In reply to rsotc. Thanks Randy, I was just wondering if your shorts survived that last half hour.

By: rsotc

rsotc — Wed, 14 Sep 2022 20:45:59 +0000

In reply to Mikeflegel. I saw that headline earlier today. If it was going to have a significant impact on the market, it would most likely be partially or mostly factored into the charts as that didn't develop overnight.

By: rsotc

rsotc — Wed, 14 Sep 2022 20:23:20 +0000

/NQ held above the 12079.50 support, reversing just above it when QQQ held & reversed off its previous low with /NQ closing about 40bp above that 12182 R level but still below the previous reaction high. To be continued tomorrow with a slew of economic releases before the opening bell & less than 1-week before the FOMC meeting.

By: Mikeflegel

Mikeflegel — Wed, 14 Sep 2022 20:17:31 +0000

There’s an upcoming train workers strike looming wondering if you ever take that into consideration

By: MagStew17

MagStew17 — Wed, 14 Sep 2022 20:14:05 +0000

Rally into the close, but short of taking out resistance at 296ish. I guess we’ll find out tomorrow.

By: B-Right

B-Right — Wed, 14 Sep 2022 20:14:04 +0000

@rsotc: Dont worry about what others might think about you Randy. We are all here because we value your analysis. It should definitely be upto us to take the trade or pass. But please keep posting these charts whenever you can.

By: michaelbt2

michaelbt2 — Wed, 14 Sep 2022 20:03:43 +0000

I’ve had these ranges boxed in all day hoping for breakouts or breakdowns. NQ has broken above a couple of times but ES didn’t follow. So, no position.

By: Scott

Scott — Wed, 14 Sep 2022 19:03:16 +0000

I appreciate the micro predictions. Would love to see more of it, personally. Play-by-play is tough on smaller time scales but also helpful to piece together the bigger picture.