Comments on: QQQ Bounce Target Hit, https://rightsideofthechart.com/qqq-bounce-target-hit-2/ Stock Trading, Investing & Market Analysis Wed, 28 Feb 2024 17:04:11 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29036 Tue, 15 Aug 2023 19:16:32 +0000 https://rightsideofthechart.com/?p=212121#comment-29036 “Active trading” is detrimental to most trader’s profitability. Unless you’re a day-trade scalper genius, why mess around with “active trading?” The trend was up. Now it’s down. The 20dayMA can be used as a trend-following guide for those who don’t want to get in and out of a good trade 12 times a day. Stay long above the 20day, stay short below it. Why complicate a simple thing?

]]> By: Scott https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29032 Tue, 15 Aug 2023 16:01:39 +0000 https://rightsideofthechart.com/?p=212121#comment-29032 Went back a verified you’ve been leaning bullish since last week.

https://rightsideofthechart.com/wp-content/uploads/bpfb/2910_0-78561200-1692115210_ph1.png

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]]> By: Scott https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29031 Tue, 15 Aug 2023 15:56:15 +0000 https://rightsideofthechart.com/?p=212121#comment-29031 Hasn’t your “preferred” scenario been bullish since roughly last Tuesday? You kept posting all those bullish wedges and divergences.

]]> By: rsotc https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29027 Tue, 15 Aug 2023 14:12:10 +0000 https://rightsideofthechart.com/?p=212121#comment-29027 In reply to david k.

/NQ price targets remain the same as of now (Aug 3rd post: https://rightsideofthechart.com/nq-qqq-price-targets/ )

]]> By: david k https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29026 Tue, 15 Aug 2023 13:55:49 +0000 https://rightsideofthechart.com/?p=212121#comment-29026 Randy can you please post the targets for NQ also please

]]> By: AP https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29025 Tue, 15 Aug 2023 13:39:15 +0000 https://rightsideofthechart.com/?p=212121#comment-29025 In reply to rsotc.

5m has been a menace , nice read

]]> By: rsotc https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29024 Tue, 15 Aug 2023 13:38:10 +0000 https://rightsideofthechart.com/?p=212121#comment-29024 In reply to Mikeflegel.

If you pull some of the videos posted over the last month or so & go to coverage of NVDA, you’ll see I’ve had a support level marked at 403.30. NVDA effectively fell to that level at the lows yesterday (post-opening gap down) & the buyers stepped in there, as would be expected. No change in the longer-term outlook or technical posture of the stock. Just the dip buyers stepping in on a pullback to a fairly well-defined support level. NVDA has been a crowd favorite/AI bubble poster child & needs to break below the 375 support to get the party started on the downside. Until then, can’t rule out a marginal new high which, if soon, would still very much be a divergent high & likely a failed breakout.

]]> By: Mikeflegel https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29023 Tue, 15 Aug 2023 13:27:13 +0000 https://rightsideofthechart.com/?p=212121#comment-29023 Nvda popped, thoughts randy

]]> By: rsotc https://rightsideofthechart.com/qqq-bounce-target-hit-2/#comment-29022 Tue, 15 Aug 2023 13:17:59 +0000 https://rightsideofthechart.com/?p=212121#comment-29022 5-minute time frame is one of (but not the only) favorite time frames for active trading. Here’s my preferred near-term scenario for /NQ, as of now, subject to change as the charts develop going forward.

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