Comments on: Stock Market, Forex, & Precious Metals Analysis 1-26-22

By: rsotc

rsotc — Wed, 26 Jan 2022 20:47:40 +0000

I covered my “max” bounce targets on both SPY & QQQ in today’s videos. There isn’t really a signal ‘hard line’, especially as QQQ fell harder than SPY off the highs. As such, should the market rally over the next week or so, SPY would be backtesting the bottom of the recent basing/topping pattern well before QQQ, probably around the time QQQ would backtest the 200 MA’s from below. Also, watch those potential index bear flags I covered in the post-FOMC video today.

By: Mikeflegel

Mikeflegel — Wed, 26 Jan 2022 18:14:39 +0000

In reply to Blueberry. That is about right as I remember. Your speculating not investing. How about short Netflix on 11/22/21. Wow... 2 years of gains wiped out in 2 months! Cheers

By: Mikeflegel

Mikeflegel — Wed, 26 Jan 2022 17:52:31 +0000

Need to add sqqq after fed Randy. Bounce target is where or will right after do? Thanks

By: Blueberry

Blueberry — Wed, 26 Jan 2022 17:22:43 +0000

Hi Randy, is the maximum bounce target for NQ still near roughly about the 200 day EMA of 15,000 more or less? I understand the volatility after 2 p.m. ET can whip the market in either direction like you emphasised on the video, but I'm still trying to aim for 15,000 before going back short.