https://rightsideofthechart.com/qqq-spy-60-minute-charts-4/ Stock Trading, Investing & Market Analysis Tue, 24 Aug 2021 17:33:42 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/qqq-spy-60-minute-charts-4/#comment-8926 Fri, 06 Dec 2019 17:00:15 +0000 https://rightsideofthechart.com/?p=194717#comment-8926 XLF just broke out to ATH

]]> https://rightsideofthechart.com/qqq-spy-60-minute-charts-4/#comment-8924 Fri, 06 Dec 2019 16:05:07 +0000 https://rightsideofthechart.com/?p=194717#comment-8924 @rsotc in your opinion is the VIX bear flagging?

]]> https://rightsideofthechart.com/qqq-spy-60-minute-charts-4/#comment-8922 Fri, 06 Dec 2019 14:10:25 +0000 https://rightsideofthechart.com/?p=194717#comment-8922 Regarding the stock indices, it would be worth monitoring Treasury bonds which tend to trade inversely to the stock market. Not by coincidence, the sharp drop in /ZB (30-yr T-bond futures) immediately following the Jobless Claims report at 8:30 today perfectly mirrored the spike in the stock futures. However, that spike down has taken /ZB to the 157’055 support with bullish divergence in place while a slight overshoot (quite likely) followed by a reversal would still keep the positive divergence intact & could set the stage for a bear trap, should /ZB regain 157’055 after losing it.
Something to monitor as a reversal in /ZB would most likely coincide with or foreshadow a reversal in equities.

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