Comments on: SPY & QQQ Charts 10-30-23 https://rightsideofthechart.com/spy-qqq-charts-10-30-23/ Stock Trading, Investing & Market Analysis Thu, 29 Feb 2024 14:21:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: william9in https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29627 Mon, 30 Oct 2023 20:30:52 +0000 https://rightsideofthechart.com/?p=212697#comment-29627 Just the spy measured move to $402. (Just a technical prediction)

]]> By: Imadaytr8r https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29625 Mon, 30 Oct 2023 19:47:46 +0000 https://rightsideofthechart.com/?p=212697#comment-29625 In reply to rsotc.

Thanks. Much appreciated

]]> By: rsotc https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29620 Mon, 30 Oct 2023 17:38:15 +0000 https://rightsideofthechart.com/?p=212697#comment-29620 In reply to Imadaytr8r.

I can’t speak to anything regarding /NG vs. the nat gas ETNs but can say that I’m still awaiting a solid break above T2 (8.07ish) to open the door for a more powerful leg up in UNG. Purple line (8ish resistance & uptrend line off the early June divergent low) are the key levels to watch/trade off of on UNG. 60-min chart below.

]]> By: rsotc https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29619 Mon, 30 Oct 2023 17:31:32 +0000 https://rightsideofthechart.com/?p=212697#comment-29619 In reply to Mikeflegel.

Sure. I shared my thoughts, including precise timing, in the video that was published after this post today: Near-term long/bullish into & after the 2 pm FOMC announcement & looking to book profits & quite possible reverse back to swing shorts on the NDX before the close on Thursday before AAPL reports, depending on how the charts look at the time. That trading plan consists of a lot of moving parts & will need to be fluid but I’ll share my thoughts if & when my plan changes.

]]> By: rsotc https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29618 Mon, 30 Oct 2023 17:28:27 +0000 https://rightsideofthechart.com/?p=212697#comment-29618 In reply to Imadaytr8r.

Appears so. AAPL covered in video published after this post. Bullish divergences on 60m & daily charts plus a nice downtrend line/falling wedge on 60m chart in which to trigger the next buy signal.

]]> By: Mikeflegel https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29617 Mon, 30 Oct 2023 15:45:12 +0000 https://rightsideofthechart.com/?p=212697#comment-29617 Randy you have said that you don’t think we’ll dump until apple . I would guess most people here are swing and long Term people . Is there any way you can label your guesses. With all your gyrations of late, would it be possible to label the guesses… For instance, this Is a swing opportunity Of the weeks to months variety. Thanks

]]> By: Mikeflegel https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29616 Mon, 30 Oct 2023 15:40:35 +0000 https://rightsideofthechart.com/?p=212697#comment-29616 In reply to Imadaytr8r.

That was my question too. Apple usually misses about one earnings per year. So they missed last . Now down big Seems to me they’re due for a pop. If they can’t make it now it’s time to dump it.

]]> By: Imadaytr8r https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29615 Mon, 30 Oct 2023 15:33:17 +0000 https://rightsideofthechart.com/?p=212697#comment-29615 AAPL is down around 15% since their last quarterly earnings report and flat over the last month. Are Bulls anxious to hit the buy button if there is any hint of progress? Seems the stock has drifted more toward reality than unabashed optimism. Poised for a pop?

]]> By: Imadaytr8r https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29614 Mon, 30 Oct 2023 15:26:21 +0000 https://rightsideofthechart.com/?p=212697#comment-29614 Recent moves in NatGas futures hasn’t really reflected in UNG/BOIL/KOLD … any updates?

]]> By: rsotc https://rightsideofthechart.com/spy-qqq-charts-10-30-23/#comment-29612 Mon, 30 Oct 2023 14:33:06 +0000 https://rightsideofthechart.com/?p=212697#comment-29612 In reply to jimdrap1.

No change in the technical posture nor my outlook (both bullish) for TLT recently. Still coming off a divergent low & while not moving impulsively higher, it has been in a near-term uptrend (higher highs & higher lows) since the breakout & backtest of the 60m bullish falling wedge a week or so ago & it is still testing the downtrendline (top of bullish falling wedge) on the daily chart that I highlighted last week (which is resistance) so basically, it needs to break above that daily downtrend line/falling wedge to trigger the next buy signal.

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