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	<title>
	Comments on: QQQ &#038; SPY Backtesting Wedges	</title>
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		<title>
		By: Dean Drummond		</title>
		<link>https://rightsideofthechart.com/qqq-spy-backtesting-wedges-2/#comment-11978</link>

		<dc:creator><![CDATA[Dean Drummond]]></dc:creator>
		<pubDate>Thu, 20 Dec 2018 16:33:49 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=189126#comment-11978</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-spy-backtesting-wedges-2/#comment-11977&quot;&gt;jumpingbean&lt;/a&gt;.

I made QQQ an official trade today &amp; I&#039;m ready to add IWM soon as well but will wait to see if the market is going to give us that final washout, capitulation selloff here first (which would probably come today and end no later than Monday, probably sooner) or not. I&#039;ve already marked up the IWM charts with targets &amp; I will use a hard stop on that one but used a daily closing stop on QQQ to allow for an intraday washout move (which, ideally, would be followed by a strong reversal into the close).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-spy-backtesting-wedges-2/#comment-11977">jumpingbean</a>.</p>
<p>I made QQQ an official trade today &#038; I&#8217;m ready to add IWM soon as well but will wait to see if the market is going to give us that final washout, capitulation selloff here first (which would probably come today and end no later than Monday, probably sooner) or not. I&#8217;ve already marked up the IWM charts with targets &#038; I will use a hard stop on that one but used a daily closing stop on QQQ to allow for an intraday washout move (which, ideally, would be followed by a strong reversal into the close).</p>
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		<title>
		By: jumpingbean		</title>
		<link>https://rightsideofthechart.com/qqq-spy-backtesting-wedges-2/#comment-11977</link>

		<dc:creator><![CDATA[jumpingbean]]></dc:creator>
		<pubDate>Wed, 19 Dec 2018 19:40:29 +0000</pubDate>
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					<description><![CDATA[at what level on QQQ do we need to clear before it gets on to official trade? 162?]]></description>
			<content:encoded><![CDATA[<p>at what level on QQQ do we need to clear before it gets on to official trade? 162?</p>
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