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	<title>
	Comments on: QQQ Breakdown &#038; Bounce Off Support	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-breakdown-bounce-off-support/#comment-700</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 24 Nov 2015 13:36:24 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=169018#comment-700</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-breakdown-bounce-off-support/#comment-699&quot;&gt;Padre&lt;/a&gt;.

By just about all accounts, I believe so. Here&#039;s that chart that was posted on Friday highlighting what I refer to as the post-OpEx-ramp fades, where there has been a well documented &amp; fairly consistent pattern of the market being ramped up during the week of options expiration &amp; then selling off after OpEx.
Trading is all about identifying historical patterns in the stock market &amp; positioning accordingly in order to profit from the expected outcome of those patterns. The post-OpEx ramp by itself may or may not be a reason to be short here, depending on how selective one is on the criteria needed to short this market, but it appears to me that the charts also confirm that a reversal in US equities is most likely in the early stages. The targets on that 15-minute chart from this post are near-term targets for a relatively brief pullback trade while TQQQ remains an active swing short trade with the potential for a considerably larger downside move. Best of luck if you decide to go short.
&lt;blockquote class=&quot;imgur-embed-pub&quot; lang=&quot;en&quot; data-id=&quot;ojX0KW0&quot;&gt;&lt;a href=&quot;//imgur.com/ojX0KW0&quot; rel=&quot;nofollow&quot;&gt;View post on imgur.com&lt;/a&gt;&lt;/blockquote&gt;&lt;script async src=&quot;//s.imgur.com/min/embed.js&quot; charset=&quot;utf-8&quot;&gt;&lt;/script&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-breakdown-bounce-off-support/#comment-699">Padre</a>.</p>
<p>By just about all accounts, I believe so. Here&#8217;s that chart that was posted on Friday highlighting what I refer to as the post-OpEx-ramp fades, where there has been a well documented &#038; fairly consistent pattern of the market being ramped up during the week of options expiration &#038; then selling off after OpEx.<br />
Trading is all about identifying historical patterns in the stock market &#038; positioning accordingly in order to profit from the expected outcome of those patterns. The post-OpEx ramp by itself may or may not be a reason to be short here, depending on how selective one is on the criteria needed to short this market, but it appears to me that the charts also confirm that a reversal in US equities is most likely in the early stages. The targets on that 15-minute chart from this post are near-term targets for a relatively brief pullback trade while TQQQ remains an active swing short trade with the potential for a considerably larger downside move. Best of luck if you decide to go short.</p>
<blockquote class="imgur-embed-pub" lang="en" data-id="ojX0KW0"><p><a href="//imgur.com/ojX0KW0" rel="nofollow">View post on imgur.com</a></p></blockquote>
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		<title>
		By: Padre		</title>
		<link>https://rightsideofthechart.com/qqq-breakdown-bounce-off-support/#comment-699</link>

		<dc:creator><![CDATA[Padre]]></dc:creator>
		<pubDate>Tue, 24 Nov 2015 11:24:08 +0000</pubDate>
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					<description><![CDATA[Hi Randy, I watched in fascination as the Q&#039;s bounced off all of your levels.  It looks like the bearish cross on your histogram should be made today.  Is now a good short entry point?]]></description>
			<content:encoded><![CDATA[<p>Hi Randy, I watched in fascination as the Q&#8217;s bounced off all of your levels.  It looks like the bearish cross on your histogram should be made today.  Is now a good short entry point?</p>
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