Comments on: QQQ Approaching 1st Price Target https://rightsideofthechart.com/qqq-approaching-1st-price-target/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 19:24:51 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/qqq-approaching-1st-price-target/#comment-21580 Tue, 23 Feb 2021 15:10:13 +0000 https://rightsideofthechart.com/?p=203849#comment-21580 In reply to Dazi.

I would expect it will although a backtest of that 125.75 former support, now resistance is quite possible as both QQQ & /ES (see comment below) just hit my first price targets where I favor a bounce.

]]> By: rsotc https://rightsideofthechart.com/qqq-approaching-1st-price-target/#comment-21579 Tue, 23 Feb 2021 14:49:01 +0000 https://rightsideofthechart.com/?p=203849#comment-21579 As QQQ just hit (and is making a slight momentum-fueled overshoot below) the first target of 314, /ES is also approaching my 1st price target of 3816 where we could get a reaction is before the next leg down. On the flip side, I have repeatedly warned of a very strong & swift drop once it became clear to all (or most) that the tide has finally changed (i.e.- that the next correction is underway) so I wouldn’t be surprised in the least if the indexes smash right through the first decent support levels/targets as if they aren’t even there. With that being said, I still think the odds are favorable for a bounce off the initial tag of 3818 for active traders that might want to game a bounce or nervous shorts that want to book the quick profits.

]]> By: Dazi https://rightsideofthechart.com/qqq-approaching-1st-price-target/#comment-21578 Tue, 23 Feb 2021 14:38:43 +0000 https://rightsideofthechart.com/?p=203849#comment-21578 AND…aapl fell below your 125.xx support; I hope it holds.

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