Comments on: QQQ Bounce Targets 9-28-23

By: rsotc

rsotc — Thu, 28 Sep 2023 15:34:16 +0000

In reply to Dkpdkp. EUR/USD at long-term support with bullish divergences on the 60-min chart which indicates a trend reversal & rally is likely. EUR/USD and the metals & miners are positively correlated (as is the stock market) so I like the metals & miners here, favoring silver over gold.

By: rsotc

rsotc — Thu, 28 Sep 2023 15:31:40 +0000

In reply to david k. Sure, here's my 60-min chart of /NQ with potential bounce targets at arrow breaks & a solid break above 14800 to help firm up the case for a rally.

By: Dkpdkp

Dkpdkp — Thu, 28 Sep 2023 15:20:54 +0000

Hello Randy-Any new thoughts on the PMs and miners? Down again today! Thanks

By: Scott

Scott — Thu, 28 Sep 2023 15:05:05 +0000

Going short from QQQ 356.17 and SPY 427.28. There is no divergence if you use the “last pivot” method versus the “continues to build” method.

By: AP

AP — Thu, 28 Sep 2023 14:41:16 +0000

In reply to rsotc. Thank you very much for this updates as we develop . Much appreciated

By: david k

david k — Thu, 28 Sep 2023 14:13:47 +0000

In reply to rsotc. Randy can you add the target levels for NQ as well please?

By: rsotc

rsotc — Thu, 28 Sep 2023 14:08:16 +0000

Solid breaks above each of these initial resistance levels on the QQQ 5m chart would help to firm up the case for a more significant rally as well as provide objective add-on levels for a long position on the Q’s.