Comments on: /NQ QQQ Short-term Swing Trade Idea 6-5-23 https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/ Stock Trading, Investing & Market Analysis Wed, 28 Feb 2024 16:20:35 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: jmccallum https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/#comment-28057 Mon, 05 Jun 2023 19:13:02 +0000 https://rightsideofthechart.com/?p=211515#comment-28057 i’m thinking this will be a significant enough pullback that i wouldn’t want to stay long semis/tech but not severe enough for me to speculate on the downside. Others that are more speculative may be able to make some money here being short.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/#comment-28056 Mon, 05 Jun 2023 18:48:40 +0000 https://rightsideofthechart.com/?p=211515#comment-28056 The pattern of late has been short-term uptrend tops out on Mondays with downside beginning Monday-Tuesday. Then upside beginning on Thursday, with full recovery by Friday and next high the following Monday. This week is starting out no differently so far. It will be telling when this pattern changes.

]]> By: G https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/#comment-28055 Mon, 05 Jun 2023 18:29:27 +0000 https://rightsideofthechart.com/?p=211515#comment-28055 Well, it does look good. A move to 14000 represents a 4% + pullback. Not unreasonable considering FOMC and CPI next week. But the chances of the NQ getting to 14800ish to fill the daily gap before any 3-4%+ pullback look better imo.Even if someone takes the trade 14250 offers good support.. so there’s little to work with here.. but go for it if you would like to. It shouldnt hurt much even if wrong.

]]> By: jmccallum https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/#comment-28054 Mon, 05 Jun 2023 17:53:52 +0000 https://rightsideofthechart.com/?p=211515#comment-28054 When AMD goes from 55 to 130 and NVDA goes from 110 to 420 in 8 mos i can’t imagine starting a position. I can only think of sellling it. So i like what randy is looking at here.

]]> By: rsotc https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/#comment-28051 Mon, 05 Jun 2023 17:34:20 +0000 https://rightsideofthechart.com/?p=211515#comment-28051 In reply to Brian396.

NUE looks toppy from the longer-term (weekly) charts but did just put in a divergent low followed by a breakout above this small falling wedge on Friday but worth noting that today’s follow-thru to Friday’s breakout has taken the stock right into a confluence of key moving averages. Basically, I don’t have a strong opinion on that one but if going or already long, maybe consider a stop below last week’s low.

]]> By: Brian396 https://rightsideofthechart.com/nq-qqq-short-term-swing-trade-idea-6-5-23/#comment-28050 Mon, 05 Jun 2023 17:28:07 +0000 https://rightsideofthechart.com/?p=211515#comment-28050 Hi Randy, what are your thoughts on NUE?

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