Comments on: QQQ Bull Trap Scenario May Be In Play

By: surerefund

surerefund — Wed, 04 Jul 2018 00:54:16 +0000

In reply to brandk3. Please relax with your families and friends and get a break from your usual routines. After a successful vacation, you will be ready to take on the market again.

By: BIGBADWOLF

BIGBADWOLF — Tue, 03 Jul 2018 22:48:05 +0000

In reply to rsotc. Hi Randy I was referring to the third failure to break support at around 170 level on your QQQ chart before the third rejection from the resistance occurred. Mainly a bit concerned over the fact that the last rejection off the resistance came at a holiday.

By: Koolmoto

Koolmoto — Tue, 03 Jul 2018 21:30:35 +0000

In reply to jamesp. I thought about it too but was waiting for a close above the top of the break down candle (daily close above $174) to convince me. It appears to me we are still in a bearish continuation pattern. Today's sell off was a welcome sight.

By: rsotc

rsotc — Tue, 03 Jul 2018 20:48:15 +0000

In reply to michael. Thx Michael. The cabin we're staying in has crawl-speed internet & cell phone reception up here isn't much better. However, I might try a shot at uploading a quick video after trading resumes on the 5th to see how it goes.

By: rsotc

rsotc — Tue, 03 Jul 2018 20:46:23 +0000

In reply to BIGBADWOLF. Could you please clarify? Are you asking if the 3rd rejection from NQ 7000 might cause a short squeeze in NQ? The 3rd failure on that test of resistance is bearish & as such, was followed by selling. Please clarify. Thx

By: brandk3

brandk3 — Tue, 03 Jul 2018 20:41:58 +0000

Randy keep up the great work. I am a fan. Also, please take some time off.

By: michael

michael — Tue, 03 Jul 2018 20:21:15 +0000

Thanks Randy! Happy 4th to you guys. Great job as always and congratulations on the recent success of your site. Enjoy your vacation but don’t be gone too long… we get withdrawals without some good analysis videos. =)

By: jamesp

jamesp — Tue, 03 Jul 2018 20:19:35 +0000

Not going to lie
Yesterday stung really badly and I closed out all my shorts because of the strength of the move off lows. Then of course today happened forming up the bearish scenario

By: BIGBADWOLF

BIGBADWOLF — Tue, 03 Jul 2018 20:17:35 +0000

Thanks for the analysis Randy! Happy holiday to you too. Any thoughts that the third rejection from around 7000 level for NQ would cause a short squeeze like crude?