Comments on: QQQ & SPY Support Levels To Watch https://rightsideofthechart.com/qqq-spy-support-levels-to-watch-2/ Stock Trading, Investing & Market Analysis Wed, 15 Jan 2020 16:25:41 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: aturchin https://rightsideofthechart.com/qqq-spy-support-levels-to-watch-2/#comment-9401 Wed, 15 Jan 2020 16:25:41 +0000 https://rightsideofthechart.com/?p=195340#comment-9401 In reply to aturchin.

By hunch, I mean the symmetrical triangle on the minute charts, suggest another equal leg up. From the jan 10 low, we have a leg up(a), symmetrical expanding triangle(b), and todays leg up should be c. In the bigger scheme of things, I expect this abc pattern to be the 5th wave of an ending diagonal, which is a fifth of fifth, etc. Should be the top of this large B wave that started dec 26, 2018

]]> By: GetItRiight https://rightsideofthechart.com/qqq-spy-support-levels-to-watch-2/#comment-9394 Wed, 15 Jan 2020 14:06:02 +0000 https://rightsideofthechart.com/?p=195340#comment-9394 In reply to wilhud.

Agree fully with you.

]]> By: wilhud https://rightsideofthechart.com/qqq-spy-support-levels-to-watch-2/#comment-9391 Wed, 15 Jan 2020 06:55:48 +0000 https://rightsideofthechart.com/?p=195340#comment-9391 I have no idea, as the constant injections of Repo madness from the Fed have taken away all price discovery. However, one possible scenario I’m looking at is a diamond top reversal (see attached from Investopedia.com)
Maybe they try and run it to 9400? Maybe this useless trade deal will become a sell the news event. Only thing that is clear is the trend annoyingly is up and ignoring fundamentals while the market gets its medicine. Not sure Powell is going to be remembered in the way he hoped.

]]> By: aturchin https://rightsideofthechart.com/qqq-spy-support-levels-to-watch-2/#comment-9390 Wed, 15 Jan 2020 03:14:55 +0000 https://rightsideofthechart.com/?p=195340#comment-9390 Think we have one more leg up to 3307-10 area. Just my hunch.

]]>