Comments on: QQQ Gaps Above Falling Wedge Pattern

By: becky

becky — Tue, 15 Sep 2020 13:19:14 +0000

In reply to becky. Overbought at significant resistance. I have closed my position, not sure how much fuel is left in it after an 80% run.

By: becky

becky — Mon, 14 Sep 2020 21:45:18 +0000

@rsotc SNES recovered the $1.52-ish support and put even larger divergence. Thoughts?

By: becky

becky — Mon, 14 Sep 2020 17:59:31 +0000

Hey @rsotc could you please highlight what's happening with YTEN. We had a trade sometime ago, then it tanked but I am back in it after the upgrade & subsequent pump. Really value your opinion on the technical posture & levels

By: Imadaytr8r

Imadaytr8r — Mon, 14 Sep 2020 17:24:21 +0000

Anybody have an opinion on Apple’s product launch party tomorrow? A big move for Apple could stall a tech drop … input please ..

By: Araleia

Araleia — Mon, 14 Sep 2020 17:10:25 +0000

In reply to sberenschot. Don't forget .... Turn around Tuesday!

By: Action_Jackson

Action_Jackson — Mon, 14 Sep 2020 17:09:19 +0000

In reply to Flanny3.

Nothing more bearish then a failed breakout. Also I think traders are expecting the Fed to pump the markets at the wednesday meeting but how much talk about “inf spending” and “what ever it takes” can they keep repeating? The Fed needs congress to pass a stimulus bill and if they keep pumping up the markets they will not have as much pressure to pass it.

Looks like its starting to break down…

By: Araleia

Araleia — Mon, 14 Sep 2020 17:03:30 +0000

In reply to Beantowndoc. Looks like RH is heading towards 322 and fill the gap.

By: dbaldor

dbaldor — Mon, 14 Sep 2020 16:58:12 +0000

Hi Randy, Do you think the vix will still go up if the QQQ breaks support?

By: Flanny3

Flanny3 — Mon, 14 Sep 2020 16:54:46 +0000

Thanks Randy, if this bounce were to fail here, agree, it will be a tumble…

By: Beantowndoc

Beantowndoc — Mon, 14 Sep 2020 16:06:55 +0000

Looks like the RH gang back – Tsla soaring.

By: sberenschot

sberenschot — Mon, 14 Sep 2020 15:18:25 +0000

In reply to wilhud. I once learned that Monday's are the best buy opportunity to buy because there is usually a dip. Currently it looks like you can buy Friday's close with massive leverage and be rich every Monday :)) (not advised though)

By: flyby

flyby — Mon, 14 Sep 2020 14:26:47 +0000

In reply to wilhud. Banks are tightening big time. Longs winning the battle today but all will be given back. Gap will be filled.

By: wilhud

wilhud — Mon, 14 Sep 2020 14:04:29 +0000

Agreed, the ‘bulls’ have done it with another 25 out of 26 bullish Sunday over night futures ramps…. how much volume and conviction remains to be seen.
China stepping up tech war now Blocking Tiktok sale and trying to interfere with ARM sale to Nvidia.

If the bulls really want it, now’s the time. Feels more like a short covering squeeze, vol light.