Comments on: Reversing Index Shorts To Longs At Support

By: PWL

PWL — Fri, 27 Mar 2020 17:25:42 +0000

In reply to rsotc. @rsotc: how should that have been interpreted? Bullish, right? But if it falls back down into the channel (like it has done now), not so bullish?

By: Drew

Drew — Fri, 27 Mar 2020 15:31:51 +0000

In reply to rsotc. QQQ and SPY min bounce targets are off? QQQ is kinda high?

By: bransth

bransth — Fri, 27 Mar 2020 15:30:39 +0000

Seems like the corona bill would outweigh the technicals on a day like this?

By: echo098

echo098 — Fri, 27 Mar 2020 15:27:24 +0000

In reply to rsotc. Is there a bounce target that you are looking at right now on the QQQ?

By: rsotc

rsotc — Fri, 27 Mar 2020 15:20:06 +0000

In reply to rsotc. /ES & /NQ just took out those short-term downtrend lines.

By: Xjet21

Xjet21 — Fri, 27 Mar 2020 15:07:45 +0000

Love this action and completely agree with the strategy. You have to be quick though. Thanks Randy

By: hafstjl06

hafstjl06 — Fri, 27 Mar 2020 15:04:41 +0000

In reply to stockninja. It started in the Senate, where it passed. Now it needs to be voted on in the House, then signed by the President.

By: stockninja

stockninja — Fri, 27 Mar 2020 14:59:33 +0000

So I’m confused. The House is expected to vote on the $2 Trillion stimulus plan today. I thought it was passed? What happens when they cant reach an agreement today? Does that mean the plan does not go through? That should send stocks back down correct? Sorry I really dont follow all these political stuff.

By: aspen

aspen — Fri, 27 Mar 2020 14:45:44 +0000

In reply to rsotc. Hi Randy, Do you expect a pop after the stimulus passes, followed by a short op?

By: jwconk

jwconk — Fri, 27 Mar 2020 14:40:25 +0000

In reply to Tasian1. For QQQ, I have my short buys at break below 185 or break above 189.2