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	Comments on: QQQ Pullback To T1 Offers Objective Entry	</title>
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	<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/</link>
	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23892</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 17 May 2022 21:42:52 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=208033#comment-23892</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23883&quot;&gt;toddabauer&lt;/a&gt;.

Yes, a solid (not marginal) break above &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Second Profit Target&#039;&gt;T2&lt;/abbr&gt; but also comparable resistance levels/targets on some of the other indexes, sectors, &amp; leading stocks... the more resistance levels that get taken out, the better the chances that QQQ will continue on to &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Third Profit Target&#039;&gt;T3&lt;/abbr&gt; and/or T4]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23883">toddabauer</a>.</p>
<p>Yes, a solid (not marginal) break above <abbr class='c2c-text-hover' title='Second Profit Target'>T2</abbr> but also comparable resistance levels/targets on some of the other indexes, sectors, &#038; leading stocks&#8230; the more resistance levels that get taken out, the better the chances that QQQ will continue on to <abbr class='c2c-text-hover' title='Third Profit Target'>T3</abbr> and/or T4</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23891</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 17 May 2022 21:40:54 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=208033#comment-23891</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23880&quot;&gt;Blueberry&lt;/a&gt;.

I&#039;ve ratcheted up stops to assure a profit on the index longs taken on Thursday so at the very least, I&#039;ll be flat (no index positions). Whether on not I re-enter swing short positions or possibly go back into longs on an undercut &amp; subsequent recovery of last week&#039;s lows will depend on how much access I have to the computer, especially during regular session trading hours. Most likely &amp; again, depending on my access to the charts, I&#039;d probably add back some index short if the lows were taken out with stops somewhat above in case it proved to be a whipsaw/bear trap drop below &amp; recovery back above the recent lows.

As of now (Tue after the close), I still favor more upside but watching the potential divergence on the 60m stock futures. Thinking those divergences will be taken out but if not, I&#039;ve been raising stops to protect gains but allow for more upside if my next targets are hit.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23880">Blueberry</a>.</p>
<p>I&#8217;ve ratcheted up stops to assure a profit on the index longs taken on Thursday so at the very least, I&#8217;ll be flat (no index positions). Whether on not I re-enter swing short positions or possibly go back into longs on an undercut &#038; subsequent recovery of last week&#8217;s lows will depend on how much access I have to the computer, especially during regular session trading hours. Most likely &#038; again, depending on my access to the charts, I&#8217;d probably add back some index short if the lows were taken out with stops somewhat above in case it proved to be a whipsaw/bear trap drop below &#038; recovery back above the recent lows.</p>
<p>As of now (Tue after the close), I still favor more upside but watching the potential divergence on the 60m stock futures. Thinking those divergences will be taken out but if not, I&#8217;ve been raising stops to protect gains but allow for more upside if my next targets are hit.</p>
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		<title>
		By: toddabauer		</title>
		<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23883</link>

		<dc:creator><![CDATA[toddabauer]]></dc:creator>
		<pubDate>Tue, 17 May 2022 13:54:55 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=208033#comment-23883</guid>

					<description><![CDATA[&lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Second Profit Target&#039;&gt;T2&lt;/abbr&gt; hit!! So that triggered my exit. Suggestion on best place to try enter??]]></description>
			<content:encoded><![CDATA[<p><abbr class='c2c-text-hover' title='Second Profit Target'>T2</abbr> hit!! So that triggered my exit. Suggestion on best place to try enter??</p>
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		<title>
		By: Reddington		</title>
		<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23882</link>

		<dc:creator><![CDATA[Reddington]]></dc:creator>
		<pubDate>Tue, 17 May 2022 03:07:42 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=208033#comment-23882</guid>

					<description><![CDATA[I don&#039;t get how the VIX went down, but the market didn&#039;t go up in return!]]></description>
			<content:encoded><![CDATA[<p>I don&#8217;t get how the VIX went down, but the market didn&#8217;t go up in return!</p>
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		<title>
		By: stevekille@netzero.net		</title>
		<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23881</link>

		<dc:creator><![CDATA[stevekille@netzero.net]]></dc:creator>
		<pubDate>Mon, 16 May 2022 20:01:37 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=208033#comment-23881</guid>

					<description><![CDATA[thanks Randy!  short posts are helpful]]></description>
			<content:encoded><![CDATA[<p>thanks Randy!  short posts are helpful</p>
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		<title>
		By: Blueberry		</title>
		<link>https://rightsideofthechart.com/qqq-pullback-to-t1-offers-objective-entry/#comment-23880</link>

		<dc:creator><![CDATA[Blueberry]]></dc:creator>
		<pubDate>Mon, 16 May 2022 16:17:45 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=208033#comment-23880</guid>

					<description><![CDATA[Aloha! So if last week&#039;s low are taking out anytime soon (if it fails to hit &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Second Profit Target&#039;&gt;T2&lt;/abbr&gt;/&lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Third Profit Target&#039;&gt;T3&lt;/abbr&gt;), you&#039;ll pivot back to short?]]></description>
			<content:encoded><![CDATA[<p>Aloha! So if last week&#8217;s low are taking out anytime soon (if it fails to hit <abbr class='c2c-text-hover' title='Second Profit Target'>T2</abbr>/<abbr class='c2c-text-hover' title='Third Profit Target'>T3</abbr>), you&#8217;ll pivot back to short?</p>
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