Comments on: QQQ & SPY Gap Below Next Price Targets https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/ Stock Trading, Investing & Market Analysis Mon, 20 Sep 2021 19:31:44 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22494 Mon, 20 Sep 2021 19:31:44 +0000 https://rightsideofthechart.com/?p=205002#comment-22494 In reply to Marc.

YW & g-luck Marc. /NQ just (effectively/close enough) hit that 14771.25 support/target with QQQ hitting the 361 T2 almost to the button. As such, I’d put very good odds on a tradable bounce in the Q’s & /NQ here, even if we close around that level or slightly overshoot it today but betting on a nice bounce into the close (and beyond) today.

]]> By: Marc https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22492 Mon, 20 Sep 2021 18:37:13 +0000 https://rightsideofthechart.com/?p=205002#comment-22492 In reply to rsotc.

Thanks so much Randy!

Marc

]]> By: rsotc https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22491 Mon, 20 Sep 2021 18:08:51 +0000 https://rightsideofthechart.com/?p=205002#comment-22491 In reply to Marc.

Sure. Here are the 60m charts of /NQ & /ES with potential bounce targets, should the market reverse off thisT4 support level on SPY. Keep in mind that the next targets on QQQ & /NQ are a little lower so we could get one more “relatively” minor thrust down to hit those before we bounce & there’s always the chance that we keep falling to the next big supports before a meaningful bounce. If we do bounce soon (today and/or tomorrow), my min. bounce scenarios are shown with the bright arrows & the lighter yellow arrows are the max. bounce targets.

]]> By: rsotc https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22490 Mon, 20 Sep 2021 18:03:04 +0000 https://rightsideofthechart.com/?p=205002#comment-22490 In reply to Flanny3.

Appears likely to me.

]]> By: Marc https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22487 Mon, 20 Sep 2021 16:38:09 +0000 https://rightsideofthechart.com/?p=205002#comment-22487 Randy Would you please include the NQ chart. This is the only thing that I trade. Your support levels are very helpful in my trading decisions

Regards

Marc

]]> By: PaleFlame https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22486 Mon, 20 Sep 2021 15:47:54 +0000 https://rightsideofthechart.com/?p=205002#comment-22486 In reply to PaleFlame.

Profit is profit, offsets some of the paper cuts I took trying to long AMC

]]> By: PaleFlame https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22485 Mon, 20 Sep 2021 15:46:55 +0000 https://rightsideofthechart.com/?p=205002#comment-22485 I feel so stupid. I had puts and sqqq at the top of the qqq range near 378. Played for the bottom of the range and sold the puts end of week. Still have SQQQ and it is up a bit but I would have made so much more holding the puts it’s painful.

]]> By: Flanny3 https://rightsideofthechart.com/qqq-spy-gap-below-next-price-targets/#comment-22484 Mon, 20 Sep 2021 15:22:14 +0000 https://rightsideofthechart.com/?p=205002#comment-22484 t6 by friday?

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