Comments on: SPY Trade Update + QQQ & Bond Analysis https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/ Stock Trading, Investing & Market Analysis Tue, 28 Apr 2020 03:25:46 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: venetiandog https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16934 Tue, 28 Apr 2020 03:25:46 +0000 https://rightsideofthechart.com/?p=199607#comment-16934 In reply to Ari512.

https://twitter.com/i/status/1254731035855773698

]]> By: Imadaytr8r https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16933 Tue, 28 Apr 2020 01:01:45 +0000 https://rightsideofthechart.com/?p=199607#comment-16933 In reply to Ari512.

I believe the never seen before earthquake that shocked oil this last week will soon send big after-shocks through all the other markets. Hold on!

]]> By: dehlsk@yahoo.com https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16928 Mon, 27 Apr 2020 21:22:59 +0000 https://rightsideofthechart.com/?p=199607#comment-16928 In reply to ds2000.

Steve “Slim” Miller has some very similar cycle analysis charts up on Youtube. Looks like anyone who can hold onto their shorts for two or three more weeks should be ok, however may see a nice breakdown sooner than that.

]]> By: ds2000 https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16926 Mon, 27 Apr 2020 20:59:41 +0000 https://rightsideofthechart.com/?p=199607#comment-16926 In reply to susantrade3.

Whoa.. that chart looks like something on-screen on the bridge of the starship Enterprise

]]> By: becky https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16925 Mon, 27 Apr 2020 20:40:54 +0000 https://rightsideofthechart.com/?p=199607#comment-16925 In reply to rsotc.

Thanks

]]> By: surfah00 https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16924 Mon, 27 Apr 2020 20:32:59 +0000 https://rightsideofthechart.com/?p=199607#comment-16924 In reply to susantrade3.

That would fit with finally hitting SPY Fib 61.8% retrace @ SPY 292.92 & maybe fill open gap @ SPY 293.15 (other open gaps are @ /ES 2963.70 & SPY 302.46 with FOMO….next open gaps are way up @ SPY 333 & change) before leg down.

]]> By: Ari512 https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16921 Mon, 27 Apr 2020 20:20:52 +0000 https://rightsideofthechart.com/?p=199607#comment-16921 I know when shorts start throwing in the towel(such as myself) is when the turnaround shows up usually. But seeing XLE and XOP up over 2% each today with crude down almost 25% makes me wonder… the bottom is most likely in???

Not just in a devastated oil sector, but in overall market…

On the other hand, I’m planning on adding to shorts this week, as the month of May is usually not the best for stocks. So I’m thinking last push higher this week with a very accommodating FED on Wednesday, with a sell the news event into May?

No technical analysis here, just an opinion.

]]> By: RonkoTonko https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16919 Mon, 27 Apr 2020 20:16:03 +0000 https://rightsideofthechart.com/?p=199607#comment-16919 In reply to susantrade3.

So … sell in May and go away? :-)

]]> By: susantrade3 https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16918 Mon, 27 Apr 2020 20:14:37 +0000 https://rightsideofthechart.com/?p=199607#comment-16918 T Theory projects the top for this Bear Rally to be 1 May. After which it will retrace into June-July
https://www.tradingview.com/x/1XdOORQ4/

]]> By: Jtrade236 https://rightsideofthechart.com/spy-trade-update-qqq-bond-analysis/#comment-16914 Mon, 27 Apr 2020 20:01:55 +0000 https://rightsideofthechart.com/?p=199607#comment-16914 I’m grateful for the above analysis. I am short SPY. Question: the PPO is above zero. Should I care? Is that fact overcome by negative divergence? Thanks.

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