Short entry on the Q’s? Not sure yet as I’d like to see how today ends & maybe tomorrow. Will today prove to be a one-day wonder, with the markets snapping back & recovering all of today’s losses or the start of something more? I’m going to continue to analyze the charts on the indexes as well as the market-leading FAAMG stocks to try and get a better feel on whether most or all of the correction is over or if there is much more to come. Could go either way if they rally QQQ hard into the close today and/or a big rally tomorrow so best to keep any new positions light & stops in place on existing positions.

Thank you so much Randy!

Randy what’s your short entry for swing trader?

I don’t see a bear flag on the daily or 60m charts of /ZS (soybean futures) or SOYB (ETN). /ZS is near the early Feb reaction low, which might act as support although I don’t have a good read on where soybeans are headed in the near-term.

NFLX kissed my first target today, followed by the typical reaction so far & still appears headed back down the 338/uptrend line target in the coming days/weeks, despite any near-term counter-trend bounces. Previous & updated 60m charts below.

I would wait to see if it breaks 870. Right now it is bouncing of that level.