Comments on: QQQ Rejected Off Resistance, Coming Up on Support

By: tslamoon2022

tslamoon2022 — Wed, 03 Mar 2021 19:24:16 +0000

ok, going for it (short qqq) / adding to position on the break of support. come on randy don’t fail me now

By: Marc

Marc — Wed, 03 Mar 2021 16:39:45 +0000

In reply to rsotc. I thank you Randy

By: rsotc

rsotc — Wed, 03 Mar 2021 16:25:54 +0000

In reply to devnat. Too early to say with the highest degree of confidence but as of now, $TYX (30-yr Treasury Yield) remains below that key 24.16 resistance level which it was impulsively rejected off of last week. As such, this still appears to be an objective level for a long entry on TLT or /ZB with a stop somewhat below the recent lows.

By: 0verman1022

0verman1022 — Wed, 03 Mar 2021 16:25:17 +0000

In reply to rsotc. Thank you

By: rsotc

rsotc — Wed, 03 Mar 2021 16:23:02 +0000

In reply to Marc. Sure. Here's my 60m chart of /NQ. Next sell signal on /NQ to come on a break below the bottom of the support zone although should /NQ reverse soon, it has the potential to form an Inverse Head & Shoulders reversal/bottoming pattern.

By: devnat

devnat — Wed, 03 Mar 2021 16:07:22 +0000

and TLT? is the break out last Friday for real?

By: 0verman1022

0verman1022 — Wed, 03 Mar 2021 15:56:49 +0000

In reply to Marc. same, its the only thing I trade

By: Marc

Marc — Wed, 03 Mar 2021 15:46:30 +0000

Randy can you please include the NQ charts when you get a chance