Comments on: QQQ At Support, Bounce Likely https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/ Stock Trading, Investing & Market Analysis Wed, 28 Feb 2024 16:37:16 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Jeff Vandenburgh https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28976 Wed, 09 Aug 2023 20:17:15 +0000 https://rightsideofthechart.com/?p=212083#comment-28976 In reply to jmccallum.

Nice call with the bear flag. Funny that both the biggest perma-bears Randy and Northman Trader Sven have been calling for a tradeable bounce, as usual they’re too early. Unless you call every bounce that occurs everyday as tradeable, and for a swing trader, it makes no sense to get caught up in such nonsense. Every bullish hedging trade I’ve made has gotten stopped out. The trend is lower.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28975 Wed, 09 Aug 2023 19:09:16 +0000 https://rightsideofthechart.com/?p=212083#comment-28975 In reply to jmccallum.

I do think you’ll be right, and the 3rd quarter top is in. The BTD impulse intraday, though, sure does muddy the path for smooth direction downward. And with NDX finding support today at the 50dayMA, and SPX at the top of July 11-12 gap, I’m very cautiously bearish for be time being.

]]> By: Beljrc https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28974 Wed, 09 Aug 2023 19:00:19 +0000 https://rightsideofthechart.com/?p=212083#comment-28974 In reply to AP.

I would like that as well.

]]> By: jmccallum https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28973 Wed, 09 Aug 2023 18:58:35 +0000 https://rightsideofthechart.com/?p=212083#comment-28973 In reply to jmccallum.

will every day in august be a bear flag?

]]> By: jmccallum https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28972 Wed, 09 Aug 2023 18:50:31 +0000 https://rightsideofthechart.com/?p=212083#comment-28972 In reply to Jeff Vandenburgh.

looks to me like a top
false break out
fell to trend line
i guess we’ll see what happens
my put call indicator triggered sell on friday
has been very useful bwtfk

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28971 Wed, 09 Aug 2023 18:37:11 +0000 https://rightsideofthechart.com/?p=212083#comment-28971 These indexes seem to be getting bought in obligatory fashion everyday this week. But a softer CPI tomorrow could be the catalyst for a breakout in SPY targeting 453-454 before the week is done. Intraday action in the big tech names looks like today marked the best buying opportunity in months, and yet it “feels” like this pullback was hardly troublesome for bulls, and hardly profitable for bears. AAPL is the only chart that looks severely damaged by the shift in momentum. Healthy bounce into OPEX week, perhaps, and then more weakness and chop into September, seems like the way it might play out.

]]> By: Mikeflegel https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28970 Wed, 09 Aug 2023 18:13:25 +0000 https://rightsideofthechart.com/?p=212083#comment-28970 Does that mean back short randy?

]]> By: AP https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28969 Wed, 09 Aug 2023 18:07:32 +0000 https://rightsideofthechart.com/?p=212083#comment-28969 Can you revisit Wheat ? I think is ending a bear flag on the 5m.

]]> By: jmccallum https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28968 Wed, 09 Aug 2023 18:03:14 +0000 https://rightsideofthechart.com/?p=212083#comment-28968 In reply to jmccallum.

scuse me. i meant QQQ

]]> By: jmccallum https://rightsideofthechart.com/qqq-at-support-bounce-likely-2/#comment-28967 Wed, 09 Aug 2023 18:01:09 +0000 https://rightsideofthechart.com/?p=212083#comment-28967 NQ looks like 2 bear flags yesterday and today.

]]>