Comments on: Stock Futures Still Testing Key Resistance 9-5-23 https://rightsideofthechart.com/stock-futures-still-testing-key-resistance-9-5-23/ Stock Trading, Investing & Market Analysis Tue, 05 Sep 2023 17:47:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/stock-futures-still-testing-key-resistance-9-5-23/#comment-29263 Tue, 05 Sep 2023 17:47:37 +0000 https://rightsideofthechart.com/?p=212294#comment-29263 In reply to Mikeflegel.

On the stock indices? One could make a case to short here at resistance on /ES & /NQ although my preference remains to hold off on any new shorts until & unless QQQ falls back down below its comparable downtrend line off the late July high as it’s still trading a hair above it since taking it out on that low-volume breakout last week.

]]> By: Jim https://rightsideofthechart.com/stock-futures-still-testing-key-resistance-9-5-23/#comment-29261 Tue, 05 Sep 2023 14:42:32 +0000 https://rightsideofthechart.com/?p=212294#comment-29261 Algos supporting your bounce view, Goldman CTA report:

-CTA large demand in a flat, up, or down tape next 5 days ~$11Bdemand per day.
-CTA +$107B to buy over next one month assuming a flat tape.
-Top book liquidity has doubled from $7M to $14M week-to-date.
-2nd largest gamma increase in long gamma on record
-Month-end pension rebalancing.
-Corporates with $5B/day demand first half Sep.

]]> By: Mikeflegel https://rightsideofthechart.com/stock-futures-still-testing-key-resistance-9-5-23/#comment-29260 Tue, 05 Sep 2023 13:50:28 +0000 https://rightsideofthechart.com/?p=212294#comment-29260 Is there an action? Randy.

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