Comments on: /NQ QQQ Testing Previous Lows

By: ajp17

ajp17 — Tue, 15 Mar 2022 14:47:41 +0000

In reply to rsotc. This is my ignorance showing... but, I see the positive divergence on the RSI and the PPO. However, couldn't you also argue there is negative divergence? If you draw a line on the top side of the RSI and PPO, you get a negative trend, too. They two actually forming a wedge unless there are divergence rules that I'm not familiar with yet. Can you clear this up?

By: rsotc

rsotc — Tue, 15 Mar 2022 13:27:17 +0000

In reply to pangblood. Nice spot. I just looked at ACB along with the other big pot stocks. Most or all have positive divergences building on the daily indicators & some have fallen to or near support. I'll take a closer look asap & post any setups that stand out. Thanks.

By: pangblood

pangblood — Tue, 15 Mar 2022 10:24:22 +0000

Hey Randy, any thoughts on ACB, it seems to be forming a wedge

By: MichelMayer

MichelMayer — Mon, 14 Mar 2022 23:53:42 +0000

Realy appreciate this kind of post before the close even if it was a little tight to trade. Your feeling is always interesting for agressive trades. With your post i just had time to switch from SQQQ (with good profit) to TQQQ.

By: rsotc

rsotc — Mon, 14 Mar 2022 21:03:21 +0000

In reply to ajp17.

No guarantees but I think the odds for a bounce here are good. Should that happen, the hard part will be deciding where, when, & if to add that SQQQ back as a bounce tomorrow and/or Wed before the FOMC announcement at 2pm will only help to firm up those 60-min falling wedges.

First things first & let’s see if we get a bounce tomorrow & how it looks.

By: ajp17

ajp17 — Mon, 14 Mar 2022 20:09:27 +0000

I’m glad you posted this before the market closed. I was already contemplating liquidating SQQQ due to the bounce last time we hit these levels. This post gave me the final push to do so. I’m hoping we have a better time to jump back in later in the week.