https://rightsideofthechart.com/qqq-bounce-target-hit-in-pre-market-trading-stocks-likely-to-close-lower-today/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:20:09 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/qqq-bounce-target-hit-in-pre-market-trading-stocks-likely-to-close-lower-today/#comment-671 Thu, 19 Nov 2015 15:20:23 +0000 http://rightsideofthechart.com/?p=168956#comment-671 Padre- Just to be clear, that was the re-post from my comments made yesterday at the close, stating that the price & time symmetry for that ABC pattern was projecting that the Q’s top out just above the 14.00 level today at 10:30 ET, not tomorrow. However, the Q’s already hit that price target in pre-market trading earlier today and I always put a much higher emphasis on price targets vs. the expected time projections. If my analysis is correct, the bounce in QQQ already ended today before the market even opened at 9:30 ET. Only time will tell if that proves correct but at the very least, I still think a QQQ short here with stops above 114.55 (on a 60-minute closing basis) offers an attractive R/R. Best of luck on your trades.

]]> https://rightsideofthechart.com/qqq-bounce-target-hit-in-pre-market-trading-stocks-likely-to-close-lower-today/#comment-670 Thu, 19 Nov 2015 14:58:52 +0000 http://rightsideofthechart.com/?p=168956#comment-670 You are a genius Randy. What an excellent post. I will be buying lots of SQQQ at 10:30 tomorrow morning.

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