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	Comments on: SPY &#038; QQQ At Next Support, Reaction Likely	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: Araleia		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17867</link>

		<dc:creator><![CDATA[Araleia]]></dc:creator>
		<pubDate>Wed, 13 May 2020 16:27:55 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17867</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17848&quot;&gt;bransth&lt;/a&gt;.

No, laptop]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17848">bransth</a>.</p>
<p>No, laptop</p>
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		<title>
		By: Araleia		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17865</link>

		<dc:creator><![CDATA[Araleia]]></dc:creator>
		<pubDate>Wed, 13 May 2020 16:26:05 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17865</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17857&quot;&gt;rsotc&lt;/a&gt;.

I don&#039;t have problem with the colored lines, only the white ones.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17857">rsotc</a>.</p>
<p>I don&#8217;t have problem with the colored lines, only the white ones.</p>
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		<title>
		By: Marc		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17863</link>

		<dc:creator><![CDATA[Marc]]></dc:creator>
		<pubDate>Wed, 13 May 2020 16:19:01 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17863</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17849&quot;&gt;rsotc&lt;/a&gt;.

I thank you very much Eandy]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17849">rsotc</a>.</p>
<p>I thank you very much Eandy</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17857</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 13 May 2020 15:59:25 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17857</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17847&quot;&gt;Araleia&lt;/a&gt;.

I will often change the brightness on some of the trendlines as well as price support &amp; resistance levels on my chart in order to let the significant levels stand out while turning down the brightness on S &amp; R level that are either farther away or not as significant as the nearby levels which are brighter. Have you tried using the zoom function? When viewing a chart on the website, you can either click the magnifying glass icon at the top of the chart or simply use mouse scroll wheel to zoom the chart in order to see the levels better. Once zoomed, the charts can also be panned by clicking &amp; holding down your left mouse button.

I find that if I don&#039;t darken some of the trendlines, the charts often become too &#039;busy&#039;. Are you having a hard time seeing even the brightest (white) lines &amp; values?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17847">Araleia</a>.</p>
<p>I will often change the brightness on some of the trendlines as well as price support &#038; resistance levels on my chart in order to let the significant levels stand out while turning down the brightness on S &#038; R level that are either farther away or not as significant as the nearby levels which are brighter. Have you tried using the zoom function? When viewing a chart on the website, you can either click the magnifying glass icon at the top of the chart or simply use mouse scroll wheel to zoom the chart in order to see the levels better. Once zoomed, the charts can also be panned by clicking &#038; holding down your left mouse button.</p>
<p>I find that if I don&#8217;t darken some of the trendlines, the charts often become too &#8216;busy&#8217;. Are you having a hard time seeing even the brightest (white) lines &#038; values?</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17856</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 13 May 2020 15:50:49 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17856</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17840&quot;&gt;bransth&lt;/a&gt;.

Not madness, simply due to the fact that QQQ isn&#039;t nearly as diversified as most indexes, in both sector weightings as well as individual stock weightings. Tech accounts for about 1/2 of the returns of QQQ (hence, the reason that it mirrors the chart of XLK) with the communications sector (XLC) which is mostly weighted towards GOOG/GOOGL &amp; FB) at just over a 20% weighting. Simply put, QQQ is far from indicative of how the US economy is doing but more so, just a handful of the market-leading &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An acronym for the 5 largest components of the Nasdaq 100 index: FB, APPL, AMZN, MSFT &#038; GOOG(L)which collectively account for nearly 1/2 of the returns of that leading index.&#039;&gt;FAAMG&lt;/abbr&gt; stocks &amp; tech sector as a whole.
Best to look at DIA, SPY, MDY, &amp; IWM to get a better picture of how &quot;the stock market&quot; is doing. QQQ is a great trading vehicle but not a good proxy for the health of the economy or the stock market.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17840">bransth</a>.</p>
<p>Not madness, simply due to the fact that QQQ isn&#8217;t nearly as diversified as most indexes, in both sector weightings as well as individual stock weightings. Tech accounts for about 1/2 of the returns of QQQ (hence, the reason that it mirrors the chart of XLK) with the communications sector (XLC) which is mostly weighted towards GOOG/GOOGL &#038; FB) at just over a 20% weighting. Simply put, QQQ is far from indicative of how the US economy is doing but more so, just a handful of the market-leading <abbr class='c2c-text-hover' title='An acronym for the 5 largest components of the Nasdaq 100 index: FB, APPL, AMZN, MSFT &amp; GOOG(L)which collectively account for nearly 1/2 of the returns of that leading index.'>FAAMG</abbr> stocks &#038; tech sector as a whole.<br />
Best to look at DIA, SPY, MDY, &#038; IWM to get a better picture of how &#8220;the stock market&#8221; is doing. QQQ is a great trading vehicle but not a good proxy for the health of the economy or the stock market.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17851</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 13 May 2020 15:28:59 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17851</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17850&quot;&gt;rsotc&lt;/a&gt;.

I think of it this way: There are a certain subset of traders that trade QQQ, another subset trading /NQ, yet others that only trade SPY or /ES, etc... As such, when one of those proxies for the major indexes hits a support or resistance level, if enough buyers or sellers step in, that buying or selling can trigger a reversal in the indexes, even if some of those other proxies are just above or below a comparable support or resistance level.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17850">rsotc</a>.</p>
<p>I think of it this way: There are a certain subset of traders that trade QQQ, another subset trading /NQ, yet others that only trade SPY or /ES, etc&#8230; As such, when one of those proxies for the major indexes hits a support or resistance level, if enough buyers or sellers step in, that buying or selling can trigger a reversal in the indexes, even if some of those other proxies are just above or below a comparable support or resistance level.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17850</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 13 May 2020 15:26:16 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17850</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17846&quot;&gt;Marc&lt;/a&gt;.

I prefer to trade /NQ as well but I always watch the levels on both QQQ &amp; /NQ (as well as SPY &amp; /ES) since a drop to support or rally into resistance on any one of those (even better if two or more approach support or resistance around the same time) can result on a reversal.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17846">Marc</a>.</p>
<p>I prefer to trade /NQ as well but I always watch the levels on both QQQ &#038; /NQ (as well as SPY &#038; /ES) since a drop to support or rally into resistance on any one of those (even better if two or more approach support or resistance around the same time) can result on a reversal.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17849</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 13 May 2020 15:24:28 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17849</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17836&quot;&gt;wunnakoko&lt;/a&gt;.

Just posted my /NQ 60m chart, with levels, in a follow-up front (home) page post.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17836">wunnakoko</a>.</p>
<p>Just posted my /NQ 60m chart, with levels, in a follow-up front (home) page post.</p>
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		<title>
		By: bransth		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17848</link>

		<dc:creator><![CDATA[bransth]]></dc:creator>
		<pubDate>Wed, 13 May 2020 15:16:01 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17848</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17847&quot;&gt;Araleia&lt;/a&gt;.

Works fine for me.  Are you using a cell phone?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17847">Araleia</a>.</p>
<p>Works fine for me.  Are you using a cell phone?</p>
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		<title>
		By: Araleia		</title>
		<link>https://rightsideofthechart.com/spy-qqq-at-next-support-reaction-likely/#comment-17847</link>

		<dc:creator><![CDATA[Araleia]]></dc:creator>
		<pubDate>Wed, 13 May 2020 14:45:47 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=201180#comment-17847</guid>

					<description><![CDATA[Randy, would you mind turning up the contrast of your charts?  The white color in your charts is kind of greyish and hard to read, no matter how I turn up my brightness control.  Thanks.]]></description>
			<content:encoded><![CDATA[<p>Randy, would you mind turning up the contrast of your charts?  The white color in your charts is kind of greyish and hard to read, no matter how I turn up my brightness control.  Thanks.</p>
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