Comments on: QQQ At 200-SMA Resistance 5-8-25

By: greg111

greg111 — Thu, 08 May 2025 19:32:33 +0000

the advance decline lines for for spx500 and ndx100 have made new all time highs which you don’t see in bear markets – so the markets may keep grinding higher –

By: stockninja

stockninja — Thu, 08 May 2025 19:08:43 +0000

In reply to stockninja. Also with anyone's experience, what do you think would cause large sell offs in this current market if earning season is done, we already know what trade talks are in progress, we know Trump will keep tweeting, etc. It just seems so easy to get these large green days, what truly would cause large red days? Seems as though all information is out there and no surprises are left.

By: stockninja

stockninja — Thu, 08 May 2025 18:38:03 +0000

Fear and Greed Index back solid into Greed. Everyone has their eyes on this trendline, waiting for it to break. We have a President who is trying his hardest to keep the market up with tweets and press conferences of “Major Trade News,” etc. Obviously, institutions and large accounts are buying this up. On days like these, what truly is the reason for a 550-point Dow, 330-point Nasdaq gain? I was short at $473, sold, took my losses, and now can see QQQs close to $510 the way this market is trading. That’s high enough to flush out most shorts who are currently short, and high enough over the 200-day to make longs think they won. Even small dips, such as in the last 30 minutes, get aggressively bought up. Good luck to everyone as there’s definitely blood on the street from bears.

By: junkie

junkie — Thu, 08 May 2025 17:58:59 +0000

EURUSD broke its uptrending trendline today. A chart is similar to QQQ.

By: rugiii

rugiii — Thu, 08 May 2025 17:58:43 +0000

For equity markets, I have 8-9th May as turning day based on cycles…lets see…
Waiting for TL break and short full port…