Comments on: SPY & QQQ Break Below The Rising Wedge Patterns https://rightsideofthechart.com/spy-qqq-break-below-the-rising-wedge-patterns/ Stock Trading, Investing & Market Analysis Tue, 16 Jul 2019 18:50:11 +0000 hourly 1 https://wordpress.org/?v=7.0 By: rsotc https://rightsideofthechart.com/spy-qqq-break-below-the-rising-wedge-patterns/#comment-6736 Tue, 16 Jul 2019 18:50:11 +0000 https://rightsideofthechart.com/?p=192107#comment-6736 In reply to rsotc.

Just re-read your question after posting my reply. If already short (as you are), might be best to wait for a little more evidence of a reversal, such as mentioned above, before adding to that position IMO.

]]> By: rsotc https://rightsideofthechart.com/spy-qqq-break-below-the-rising-wedge-patterns/#comment-6734 Tue, 16 Jul 2019 18:47:17 +0000 https://rightsideofthechart.com/?p=192107#comment-6734 In reply to Hoperush.

Could prove to be a bit early. The breakdown isn’t very impulsive plus, I’ve just added another uptrend line to my /NQ (nasdaq 100 futures) 60-min chart which /NQ has just fallen to (i.e.- it is trading at potential trendline support).

I will say that the charts still very much look to be pricing in a correction but as I’ve been saying that for a while now yet QQQ & SPY just continue to wedge higher, it might be best to wait for a more convincing sell signal before shorting or at least before taking a full short position. Here’s that 60-min chart:


]]> By: Hoperush https://rightsideofthechart.com/spy-qqq-break-below-the-rising-wedge-patterns/#comment-6728 Tue, 16 Jul 2019 17:23:28 +0000 https://rightsideofthechart.com/?p=192107#comment-6728 Hi

Would this be a place to add to short swing on QQQ? I am holding from before and wonder if can add ? wait till Close?

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