Comments on: SPY & QQQ Resistance Levels https://rightsideofthechart.com/spy-qqq-resistance-levels-4/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:43 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: joefriday https://rightsideofthechart.com/spy-qqq-resistance-levels-4/#comment-1836 Thu, 16 Jun 2016 22:44:41 +0000 http://rightsideofthechart.com/?p=171806#comment-1836 IThanks Randy..perfect. I actually sold my Index shorts today on the drop and will reload on the turn around. I see basically same levels for this dead cat bounce…b wave or short squeeze…whatever people like to call it… Gonna go long UVXY too on the next drop… good luck and thanks,

]]> By: rsotc https://rightsideofthechart.com/spy-qqq-resistance-levels-4/#comment-1833 Thu, 16 Jun 2016 19:46:58 +0000 http://rightsideofthechart.com/?p=171806#comment-1833 In reply to david k.

Correct David. I’m in swing trade mode & didn’t cover any shorts although I knew the odds for a bounce were likely. I’m just watching the market with one eye today, getting some other things done around the house. Often on days like today, even when in swing trade mode but expecting a likely bounce off support like we had today, I’ll hedge by going long on or more indexes or sectors for the bounce, then booking profits or tightening stops when it appears that the bounce has likely run its course. Didn’t do that today as I still think this bounce will be fleeting, probably ending on another gap down tomorrow or a dump into the final minutes of trading today.

]]> By: david k https://rightsideofthechart.com/spy-qqq-resistance-levels-4/#comment-1832 Thu, 16 Jun 2016 19:41:06 +0000 http://rightsideofthechart.com/?p=171806#comment-1832 Randy, I assume you remained short through this rip up?

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