Comments on: /NQ & QQQ Nasdaq 100 Pre-Market Breakout 9-11-24

By: Mikeflegel

Mikeflegel — Wed, 11 Sep 2024 16:33:03 +0000

In reply to Mikeflegel. Ok. We have something stronger. A failed failed breakout.

By: Alan

Alan — Wed, 11 Sep 2024 16:07:43 +0000

In reply to Alan. QQQ and /NQ are now above water and my trade is positive. patience is hardest part doing these trades. I have lost a lot of money being inpatient. You need Randy's conviction and patience to make money. Very hard to do!

By: Mikeflegel

Mikeflegel — Wed, 11 Sep 2024 16:02:46 +0000

In reply to Alan. You could be right.

By: Alan

Alan — Wed, 11 Sep 2024 15:35:05 +0000

In reply to Mikeflegel.

It broke below trendline and fell to Randy’s next support level (~18550 on /NQ) . It could easily reverse as it started to do. We have seen 3 “V” recoveries just this week in the Q’s… I have been day trading each day and made a little money, I am negative today but hopeful I will make a profit before the day is out.

By: KevinK

KevinK — Wed, 11 Sep 2024 15:02:08 +0000

In reply to LanLord.

….just that time of the year…The September – October normal malaise
Let’s see if JP can come to rescue next week.
His last chance before the election.

By: LanLord

LanLord — Wed, 11 Sep 2024 14:43:06 +0000

Its failing

By: Mikeflegel

Mikeflegel — Wed, 11 Sep 2024 14:14:56 +0000

This failed breakout is a good example. When the market goes opposite to your guess could you timely correct it for us please.

By: rsotc

rsotc — Wed, 11 Sep 2024 13:17:32 +0000

Price targets (arrow breaks) were inadvertently not drawn in on the initial /NQ 60m chart in the post above although the remain the same as the recently posted 60m charts over the past couple of days. Chart in the post above has since been updated with the price targets/arrows.