Comments on: QQQ Bear Flag Measured Target Hit

By: Mikeflegel

Mikeflegel — Fri, 16 Sep 2022 19:35:10 +0000

In reply to rsotc. Perfect call on the day Randy how do we go out. Over the weekend

By: Imadaytr8r

Imadaytr8r — Fri, 16 Sep 2022 15:03:35 +0000

Is that it for the bounce! 288.89?

By: budgetny

budgetny — Fri, 16 Sep 2022 14:51:55 +0000

In reply to rsotc. It seems any rally is being met with selling. Let us know if you see an objective short entry. Thank you, Scott.

By: rsotc

rsotc — Fri, 16 Sep 2022 14:23:54 +0000

In reply to toddabauer. As of now, I'm thinking something along these lines on the /NQ 10-minute chart although /NQ needs to make a solid breakout above this small falling wedge pattern. It is completely possible & somewhat (<50%, IMO but not too far below that) that the market just continues to get pounded by relentless selling as lower prices trigger additional margin calls in a vicious cycle. I'm leaning towards the "bounce first then more downside" scenario but will adjust/adapt if the charts & price action convince me otherwise.

By: toddabauer

toddabauer — Fri, 16 Sep 2022 14:16:41 +0000

Bounce yes, Closed Shorts Yes,- When do I reenter Randy? :)