Comments on: Stock Market Analysis 8-16-23

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 17 Aug 2023 01:27:05 +0000

In reply to Scott. That sure is one flaccid looking bull-flag.

By: Scott

Scott — Wed, 16 Aug 2023 20:01:41 +0000

Alert popped off for ES cracking another trendline 1 min before the close. Somewhat suspicious timing for such a thing.

https://rightsideofthechart.com/wp-content/uploads/bpfb/2910_0-71818100-1692216064_es-tlll.png

By: Scott

Scott — Wed, 16 Aug 2023 19:57:52 +0000

Another perspective.

https://rightsideofthechart.com/wp-content/uploads/bpfb/2910_0-17003100-1692215834_256-66sa.png

By: Scott

Scott — Wed, 16 Aug 2023 19:50:09 +0000

Looking to see if NQ regains the big 14976.50 level before the close. The primary lower trendline intersects with that level.

https://rightsideofthechart.com/wp-content/uploads/bpfb/2910_0-50092500-1692215361_249-9999.png

By: Pbathula

Pbathula — Wed, 16 Aug 2023 19:20:55 +0000

In reply to Jeff Vandenburgh. correct

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 16 Aug 2023 19:17:03 +0000

Still almost an hour left in the day, but for now, the breakdown below "support" looks like it wants to stick... Why mess around with counter-trend trades so early in a new trend? I really don't get it. Months of bearish analysis during a steady uptrend. And now bullish analysis in a steady downtrend. Perhaps the hourly divergence method of TA can be improved upon.

By: trade0039

trade0039 — Wed, 16 Aug 2023 18:31:07 +0000

Thanks for the quick updates Randy!

I was able to cover my Shorts at the bottom and went long SOXL!

By: Chris Rybka

Chris Rybka — Wed, 16 Aug 2023 17:59:50 +0000

In reply to Chris Rybka. SOXS 12:21

By: Chris Rybka

Chris Rybka — Wed, 16 Aug 2023 17:55:40 +0000

Randy,
My 1 min Investing.com charts are showing big spikes in volume on the following equities. Interested in your comments.

SOXX – 12:30
QQQ 1:40
Nvidia 1:45
AMD 1:46
Apple :48
Spy 1:51