Sure, here’s my daily chart. Just like I covered on NVDA & SMCI in today’s video, SOXX has a potential bearish engulfing candlestick forming (but needs to be finalized at the close today) with the next sell signal (other than potential BEC today) to come on a break below the uptrend line.

QQQE close but ATH was 90.21 on 11-16-21 so basically at a double-top like RSP. SOXX is to semiconductor sector what QQQ is to “the” stock market… a grossly distorted version based on the fact the top 10 stocks account for over half the returns. XSD (S&P Semiconductor Sector ETF) paints a more accurate picture of the performance of the majority of semiconductor stocks although NVDA still has had a profound impact on the return. XSD still trading below its Nov ’21 high but close enough to call it a double top too, assuming it reverses from on or around that previous ATH. IWM nowhere near its 2021 high but again, plenty of zigs & zags in both directions to trade regardless of where market is going for swing traders.

Exactly, and pullback trades following each to for active traders to profit (when the intraday charts confirm a short entry) from such as this one.

LOL.. already hit my first target where I just booked at 1.7% gain & reversed to long to game a quick bounce but thanks for the vote of confidence

I’m trading /NQ & just reversed at 18067 which roughly aligns with that 439ish bottom of 1st target zone on QQQ but most likely just for a quick bounce. Charts look like my key yellow supports are likely to go any day/minute now so getting less & less keen on gaming bounces & looking for smaller bounces than normal for now or until I start seeing the intraday charts setting up bullishly (i.e.- fall to support with positive divergences, especially on the 15-60 min chart). Also might flip back to short if /NQ moves much below the 18028 support just below.

Never heard of Tim Knight before….Thanks

waiting for the congrats to Randy for finally getting a QQQ short good for 4 points