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	Comments on: Stock Indices Testing Resistance	</title>
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		<title>
		By: wilhud		</title>
		<link>https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20519</link>

		<dc:creator><![CDATA[wilhud]]></dc:creator>
		<pubDate>Tue, 03 Nov 2020 15:39:03 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20518&quot;&gt;rsotc&lt;/a&gt;.

QQQ gap fill too]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20518">rsotc</a>.</p>
<p>QQQ gap fill too</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20518</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 03 Nov 2020 15:26:34 +0000</pubDate>
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					<description><![CDATA[&lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;Downtrend&lt;/abbr&gt; line/top of channel target hit, providing an objective time to book profits and/or reverse to a short for a quick pullback trade (allowing for a brief overshoot of the TL &amp; move up to the 11350ish R level).]]></description>
			<content:encoded><![CDATA[<p><abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>Downtrend</abbr> line/top of channel target hit, providing an objective time to book profits and/or reverse to a short for a quick pullback trade (allowing for a brief overshoot of the TL &#038; move up to the 11350ish R level).</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20517</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 03 Nov 2020 15:22:46 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20515&quot;&gt;dbaldor&lt;/a&gt;.

Great question but I&#039;m just not sure. Big tech may just be taken a long-needed breather &amp; some of the underperformance might be chalked up to the Feds (once again) having big tech in their crosshairs. Typically, a broad-based rally (most or all SPX sectors plus small-caps) is usually a good sign for the market. One less reason to be short at this time (or a reason to be long) &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;In My Opinion&#039;&gt;IMO&lt;/abbr&gt;.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20515">dbaldor</a>.</p>
<p>Great question but I&#8217;m just not sure. Big tech may just be taken a long-needed breather &#038; some of the underperformance might be chalked up to the Feds (once again) having big tech in their crosshairs. Typically, a broad-based rally (most or all SPX sectors plus small-caps) is usually a good sign for the market. One less reason to be short at this time (or a reason to be long) <abbr class='c2c-text-hover' title='In My Opinion'>IMO</abbr>.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20516</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 03 Nov 2020 15:19:50 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20514&quot;&gt;becky&lt;/a&gt;.

Will do asap. I was looking over the charts of /DX, /E7, /GC, /SI and the other PM futures earlier today. In my last update on the PM&#039;s &amp; currencies, I mentioned how the near &amp; intermediate-term outlook was unclear with the metals grinding around in a directionless, unpredictable trend. The next major leg up in gold will likely come if/when EUR/USD breaks out above that primary &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; line that I&#039;ve covered on the weekly time frame. Until &amp; unless that happens, we&#039;re likely to see gold continue to chop around aimlessly in a tough-to-trade range.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20514">becky</a>.</p>
<p>Will do asap. I was looking over the charts of /DX, /E7, /GC, /SI and the other PM futures earlier today. In my last update on the PM&#8217;s &#038; currencies, I mentioned how the near &#038; intermediate-term outlook was unclear with the metals grinding around in a directionless, unpredictable trend. The next major leg up in gold will likely come if/when EUR/USD breaks out above that primary <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> line that I&#8217;ve covered on the weekly time frame. Until &#038; unless that happens, we&#8217;re likely to see gold continue to chop around aimlessly in a tough-to-trade range.</p>
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		<title>
		By: dbaldor		</title>
		<link>https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20515</link>

		<dc:creator><![CDATA[dbaldor]]></dc:creator>
		<pubDate>Tue, 03 Nov 2020 14:49:21 +0000</pubDate>
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					<description><![CDATA[Hi Randy, Do you think the recent strength in SPY and IWM  vs QQQ indicates a longer term shift in the market away from big tech?]]></description>
			<content:encoded><![CDATA[<p>Hi Randy, Do you think the recent strength in SPY and IWM  vs QQQ indicates a longer term shift in the market away from big tech?</p>
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		<title>
		By: becky		</title>
		<link>https://rightsideofthechart.com/stock-indices-testing-resistance/#comment-20514</link>

		<dc:creator><![CDATA[becky]]></dc:creator>
		<pubDate>Tue, 03 Nov 2020 14:43:44 +0000</pubDate>
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					<description><![CDATA[Can we get updates on /E7 and /DX? Potentially metals too as they seem to be connected. Thanks.]]></description>
			<content:encoded><![CDATA[<p>Can we get updates on /E7 and /DX? Potentially metals too as they seem to be connected. Thanks.</p>
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