Comments on: QQQ Second Price Target Hit

By: Blueberry

Blueberry — Wed, 25 May 2022 18:21:16 +0000

In reply to rsotc. Thank you Randy, I was thinking similar move up then down. I'll look out for that first swing target

By: rsotc

rsotc — Wed, 25 May 2022 17:53:21 +0000

In reply to Blueberry. @Blueberry Here's the daily chart of $FTSE 100. However, I don't have a good read on the near-term direction but most likely, if the US market rallies in the coming weeks, the $FSTE will likely follow. As such, my best guess is a little upside & then a big leg down along with the US market. First downside swing target 6840.

By: cpva426

cpva426 — Tue, 17 May 2022 22:29:32 +0000

In reply to rsotc. Make sure to check out Old Lahiana Luau.

By: jmcolli07

jmcolli07 — Tue, 17 May 2022 21:46:41 +0000

What do you make of the volume situation? It’s just not looking good for more upside to me. Does the decreasing volume curb your expectations for T3 and T4?

By: Ken

Ken — Tue, 17 May 2022 21:28:58 +0000

In reply to rsotc. That's great. Enjoy the fruits and fish of your hard OCO labor :-)

By: rsotc

rsotc — Tue, 17 May 2022 21:26:40 +0000

In reply to Reddington. LOL.. food is great on Maui. Super fresh fruits, fish, good coffee, local brews, etc.. Set-n-forget OCO orders on the stock futures from last Thursday morning on the pivot (short to long) paying for it all & then some which somehow makes everything taste better. ;-)

By: rsotc

rsotc — Tue, 17 May 2022 21:22:35 +0000

In reply to Blueberry. Will do. Please bump me if I haven't posted analysis on the FTSE by mid-day Tue as I'll be back home late Sat & back in full swing on Monday am. If I can get to it sooner I will.

By: Reddington

Reddington — Tue, 17 May 2022 17:49:47 +0000

Screw the market, what are you having for breakfast? :)

By: 1111GhettoSpread1111

1111GhettoSpread1111 — Tue, 17 May 2022 17:46:40 +0000

Great Call Randy
Extra Vacation funds

By: Blueberry

Blueberry — Tue, 17 May 2022 17:43:56 +0000

@rsotc Hi Randy, can you look at the FTSE 100 chart once you're back in your office please? I think a heavy or some starter short positions is very favourable should the world head to recession/bear market/market crash that may exceed the flash crash (~36% drop) of 2020. Any new ATHs will be very marginal and I would be comfortable to ride them out while adding shorts - using all the lessons and experience I gathered from the past 6-8 months or so while shorting NQ back then from this site.