Comments on: QQQ & /NQ Second Price Targets Hit https://rightsideofthechart.com/qqq-nq-second-price-targets-hit/ Stock Trading, Investing & Market Analysis Tue, 03 Mar 2020 11:28:49 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Nana https://rightsideofthechart.com/qqq-nq-second-price-targets-hit/#comment-10001 Tue, 03 Mar 2020 11:28:49 +0000 https://rightsideofthechart.com/?p=196156#comment-10001 In reply to Bear trap Dan.

@rsotc As per QQQ/NQ above chart. Oncce market pullback to T1 level what’s further direction and if market pullback way below T1. In that case what will be support tagret for it…

]]> By: rsotc https://rightsideofthechart.com/qqq-nq-second-price-targets-hit/#comment-9999 Tue, 03 Mar 2020 02:49:08 +0000 https://rightsideofthechart.com/?p=196156#comment-9999 In reply to Bear trap Dan.

Funny how the media nearly unilaterally assigned the cause for the rally as the fact that the Fed says they will come to the rescue of the markets. I’ve often said that one of the few certainties in the financial markets is the fact that the media will always find a reason to pin the cause of a big market rise or fall. Here are two headlines from the WSJ, the first from Friday during market hours & the second one from today:

Friday: NEWS ALERT – Powell Says Fed Will ‘Act as Appropriate to Support the Economy’

Today: NEWS ALERT – U.S. Stocks Rise on Hopes Central Banks Will Take Action

Basically, identical headlines. Had the market dropped 3%+ today, the headlines would have read: Stock Market Continues To Sink On Coronavirus Fears

]]> By: Bear trap Dan https://rightsideofthechart.com/qqq-nq-second-price-targets-hit/#comment-9995 Mon, 02 Mar 2020 21:46:20 +0000 https://rightsideofthechart.com/?p=196156#comment-9995 Great call Randy! I honestly thought you were crazy but this rally defied the headlines.

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