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	Comments on: Rising Wedge Breakdowns on US Stock Indices	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Tue, 15 May 2018 16:22:48 +0000</lastBuildDate>
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		<title>
		By: mwright		</title>
		<link>https://rightsideofthechart.com/rising-wedge-breakdowns-on-us-stock-indices/#comment-4539</link>

		<dc:creator><![CDATA[mwright]]></dc:creator>
		<pubDate>Tue, 15 May 2018 16:22:48 +0000</pubDate>
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					<description><![CDATA[nice call made 150% on my put on qqq. thanks]]></description>
			<content:encoded><![CDATA[<p>nice call made 150% on my put on qqq. thanks</p>
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		<item>
		<title>
		By: mwright		</title>
		<link>https://rightsideofthechart.com/rising-wedge-breakdowns-on-us-stock-indices/#comment-4536</link>

		<dc:creator><![CDATA[mwright]]></dc:creator>
		<pubDate>Mon, 14 May 2018 18:46:48 +0000</pubDate>
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					<description><![CDATA[yeah sorry i was specific thanks]]></description>
			<content:encoded><![CDATA[<p>yeah sorry i was specific thanks</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/rising-wedge-breakdowns-on-us-stock-indices/#comment-4535</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 14 May 2018 18:36:27 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=187020#comment-4535</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/rising-wedge-breakdowns-on-us-stock-indices/#comment-4533&quot;&gt;mwright&lt;/a&gt;.

Depends on which bounce. Do you mean the first minor bounce or THE final downside on QQQ before it reverses after the next correction? So far we had a backfill of today&#039;s gap which was a natural &amp; likely pivot point.
Assuming the market takes out the bottom of that gap with conviction soon (Friday&#039;s close), the next support where a bounce is likely is around 168.90. My preferred pullback target at this time is 168.85 where I would expect a decent bounce &amp; quite possibly, the end to any correction that might set in over the next week or so.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/rising-wedge-breakdowns-on-us-stock-indices/#comment-4533">mwright</a>.</p>
<p>Depends on which bounce. Do you mean the first minor bounce or THE final downside on QQQ before it reverses after the next correction? So far we had a backfill of today&#8217;s gap which was a natural &#038; likely pivot point.<br />
Assuming the market takes out the bottom of that gap with conviction soon (Friday&#8217;s close), the next support where a bounce is likely is around 168.90. My preferred pullback target at this time is 168.85 where I would expect a decent bounce &#038; quite possibly, the end to any correction that might set in over the next week or so.</p>
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		<item>
		<title>
		By: mwright		</title>
		<link>https://rightsideofthechart.com/rising-wedge-breakdowns-on-us-stock-indices/#comment-4533</link>

		<dc:creator><![CDATA[mwright]]></dc:creator>
		<pubDate>Mon, 14 May 2018 18:11:48 +0000</pubDate>
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					<description><![CDATA[where do you think the bounce will be on qqq? 168?]]></description>
			<content:encoded><![CDATA[<p>where do you think the bounce will be on qqq? 168?</p>
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