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	Comments on: QQQ Reverses Off Top Of Breakout Failure Zone	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		By: schooner		</title>
		<link>https://rightsideofthechart.com/qqq-reverses-off-top-of-breakout-failure-zone/#comment-1523</link>

		<dc:creator><![CDATA[schooner]]></dc:creator>
		<pubDate>Mon, 09 May 2016 20:21:25 +0000</pubDate>
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					<description><![CDATA[So far a very good call -- the Qs reversed in the last hour exactly at the top of your zone and printed a bearish engulfing on the 60 min chart. As I mentioned elsewhere, they were also rejected at the 9 &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. (source: investopedia.com)&#039;&gt;EMA&lt;/abbr&gt; and ultimately printed a sort-of-doji on the daily. I can certainly see a break below today&#039;s doji as being an objective short entry.]]></description>
			<content:encoded><![CDATA[<p>So far a very good call &#8212; the Qs reversed in the last hour exactly at the top of your zone and printed a bearish engulfing on the 60 min chart. As I mentioned elsewhere, they were also rejected at the 9 <abbr class='c2c-text-hover' title='An exponential moving average (EMA) is a type of moving average that is similar to a simple moving average, except that more weight is given to the latest data. This type of moving average reacts faster to recent price changes than a simple moving average. (source: investopedia.com)'>EMA</abbr> and ultimately printed a sort-of-doji on the daily. I can certainly see a break below today&#8217;s doji as being an objective short entry.</p>
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