Comments on: QQQ Near-term Outlook & Price Targets https://rightsideofthechart.com/qqq-near-term-outlook-price-targets/ Stock Trading, Investing & Market Analysis Thu, 19 Apr 2018 02:01:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/qqq-near-term-outlook-price-targets/#comment-4406 Thu, 19 Apr 2018 02:01:39 +0000 https://rightsideofthechart.com/?p=186735#comment-4406 In reply to bigfry.

Good point. I think that I may have mentioned that in the video but if not, I had intended to bring that up & agree with you that short-term sell signals, such as this one tend to work better during downtrends just as similar buy signals tend to work better during uptrends. Of course, that is generally speaking. Note the first red circles on the left of the chart above which coincided with the Feb 27th reaction high. That high came about 2/3rds in the very powerful & impulsive uptrend off the Feb 9th lows. QQQ immediately fell 5.17% after that overbought + bearish PPO crossover.

]]> By: bigfry https://rightsideofthechart.com/qqq-near-term-outlook-price-targets/#comment-4402 Wed, 18 Apr 2018 17:11:06 +0000 https://rightsideofthechart.com/?p=186735#comment-4402 I think the only problem is that we are actually in an uptrend, at least in the near term. Most of those other readings came from times where we were still trending down. I think the areas represented by the red circles are more clear readings, since they show more clear price extremes (overbought RSI). Like you always say, we can stay overbought for extended periods of time. Thanks for the charts! :D

]]> By: GetItRiight https://rightsideofthechart.com/qqq-near-term-outlook-price-targets/#comment-4401 Wed, 18 Apr 2018 14:51:30 +0000 https://rightsideofthechart.com/?p=186735#comment-4401 Now if only price action would follow these readings from the past :-)

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