Comments on: QQQ Swing Trade Idea

By: rsotc

rsotc — Thu, 08 Aug 2019 18:43:11 +0000

In reply to wilhud. Certainly objective. Best of luck & just make sure to use a stop(s) inline with your price target(s).

By: rsotc

rsotc — Thu, 08 Aug 2019 16:49:56 +0000

In reply to Flanny3. As to where exactly this counter-trend rally ends, if that proves to be what it is, your guess is as good as mine. I can only use TA & my experience to gauge a likely range in which the resumption of the downtrend will start, hence my preference to scale back into shorts vs. "hard entry" at a particular price level.

By: wilhud

wilhud — Thu, 08 Aug 2019 15:06:16 +0000

XLK gap filled. Added short.

By: rsotc

rsotc — Thu, 08 Aug 2019 14:56:50 +0000

In reply to dayoub. Good question but there isn't any one exact level where the charts suddenly flip from bearish to bullish. In the video that I posted after this video, I explain my thoughts on what a break above the top of those bounce target zones on SPY & QQQ would mean & what I plan to do if they are.

By: dayoub

dayoub — Thu, 08 Aug 2019 14:42:11 +0000

if we go above 188.37 qqq, is the correction aborted? I am in SOXL thanks, and will sell on reversal rather than target as I am not sure the PPT has not gained control here

By: Flanny3

Flanny3 — Thu, 08 Aug 2019 14:18:22 +0000

thanks randy, it appears the gap fill trap in play/high target 293.99 what they want to appear to tag, best guess they fail just short of it. was hoping at the 290 level…

By: rsotc

rsotc — Thu, 08 Aug 2019 13:49:58 +0000

To clarify, QQQ is only an unofficial trade idea at this time with price targets & other trade parameters to follow if added soon as an official trade.