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QQQ, SPY & IWM Outlook (video)

This video touches briefly on the longer-term outlook for the U.S. Equity market followed by an in-depth analysis of the 60-minute charts of SPY, IWM & QQQ, making the case that the rally off the early to mid-February lows has most likely run its course, with the markets likely to move lower in the coming days, weeks & possibly months.

Mar 9, 2016 3:53pm|Categories: Equity Market Analysis|Tags: , , , , , , |10 Comments


  1. Profile gravatar of Lisa Trading
    Lisa Trading March 9, 2016 5:06 pm at 5:06 pm

    Thanks for the excellent work, Randy! I will hold on tight to my shares of TWM, at least for now. 🙂

  2. Profile gravatar of snp
    snp March 9, 2016 5:53 pm at 5:53 pm

    the drama of the markets is better than a good book or movie.

  3. Profile gravatar of riverbirch
    riverbirch March 9, 2016 8:55 pm at 8:55 pm

    Thanks Randy
    Very educational video on technical analysis. Kiss method. No need to make the analysis complicated.

  4. Profile gravatar of bluemagic
    bluemagic March 9, 2016 10:18 pm at 10:18 pm

    Hi Randy, many thanks for your good work and for answering my questions. I’d like to know if SPX is forming a similar W bottom as oil, and QQQ a big inverse head and shoulder on daily charts. If oil has indeed bottomed, then so should SPX/QQQ. SPX target would be 2080 if it’s a W bottom. Nice day!

    • Profile gravatar of rsotc
      rsotc March 10, 2016 10:41 am at 10:41 am

      @bluemagic Regarding your question on a W bottom in the $SPX, the top of the upper-left part of the “W” would be just off the highs in the SPX, as that is where the sharp move leading down to the double bottom started. As such, that would have to be more of some type of W continuation pattern, more so than a bottoming pattern. Either way, certainly a possibility that the recent W formation has longer-term bullish implications although nearly all of the evidence that I see on the longer-term charts tells me that is unlikely to be the case.

  5. Profile gravatar of Beno
    Beno March 10, 2016 12:37 am at 12:37 am

    Hi Randy, what is your prefered stops for QQQ and IWM if one is short at the current levels.

  6. Profile gravatar of joefriday
    joefriday March 10, 2016 7:22 am at 7:22 am

    Fantastic !

  7. Profile gravatar of riverbirch
    riverbirch March 10, 2016 10:26 am at 10:26 am

    Next week with both OpEX and FOMC we could get a nice head fake move on the indexes.
    May create the best shorting opportunity in 2016.

  8. Profile gravatar of snp
    snp March 11, 2016 11:25 am at 11:25 am

    randy: looks more bearish now. this is what I meant. you are looking at the Russell, I am concentrating more on spx and nas100. all that sideways price just looked like we were not at a shortable level yet. I like 2020 spx.

  9. Profile gravatar of snp
    snp March 11, 2016 4:07 pm at 4:07 pm

    the same price action as oct 22.


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