Comments on: SPY, QQQ & XLF Charts With Price Targets

By: Nana

Nana — Tue, 24 Mar 2020 15:48:12 +0000

@rsotc Randy, Do you have any thought on T3 for QQQ. Do you think their may be chances for QQQ to hit target T3.

By: mlannoch

mlannoch — Tue, 24 Mar 2020 15:44:18 +0000

Anybody else picking up the flag patterns on both QQQ and SPY on increasingly lower volume on the 15 minute charts? With a completion roughly hitting Randy's T3 price on QQQ and T2 on SPY.

By: roguetraderone

roguetraderone — Tue, 24 Mar 2020 14:29:28 +0000

@rsotc Thank You!

By: wunnakoko

wunnakoko — Tue, 24 Mar 2020 14:23:10 +0000

@rsotc - Thanks Randy, can you also give us NQ targets?

By: rsotc

rsotc — Tue, 24 Mar 2020 14:14:15 +0000

FAS (3x financial sector ETF) appears poised for at least a quick 20% pop to T1, should XLK & SPY (and FAS) take out those 30-minute downtrend lines today. UYG is the 2x leveraged financial sector ETF & for those looking to short this bounce into TL resistance, SKF is the 2x short & FAZ the -3x financial sector ETF. Obviously, I'm leaning towards the bullish scenarios (hence, only upside/long targets) as I think the R/R is skewed toward the long side in the financials but I'm glad to provide downside price targets for those interested in shorting or already short.

By: Nana

Nana — Tue, 24 Mar 2020 14:10:06 +0000

@rsotc Thanks Randy. Once you see 30min. break above or reject from resistance. Please, can you let us know your thought..mean go short or long..