Comments on: Swing Trade Ideas 5-23-23 https://rightsideofthechart.com/swing-trade-ideas-5-23-23/ Stock Trading, Investing & Market Analysis Wed, 24 May 2023 15:27:30 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: trade0039 https://rightsideofthechart.com/swing-trade-ideas-5-23-23/#comment-27788 Wed, 24 May 2023 15:27:30 +0000 https://rightsideofthechart.com/?p=211483#comment-27788 Hello Traders!

Today I simply want to share this chart will you all! I have a 49′ LG monitor so may be little too small to see in small screen but please consider spending little time on each indexes.

I have collectively added all major indicators that most traders uses to SPY, QQQ, IWM and DJIA.

Indicator includes:-

  1. 50 and 200 SMAs
  2. Volume Profile
  3. Parabolic SAR
  4. RSI
  5. McClellan Oscillator
  6. PPO

Looking at this chart, we can assume that currently we are having the biggest Bearish Divergence on SPY and QQQ.

IWM rejected the 200 SMA while DJIA just kissed the 200 SMA.
We also have SELL signals appeared on Parabolic SAR on SPY and QQQ.
On SPY, Volume Profile has rejected the major Node as well

Conclusion:

Based on the indicators on Daily TF, SPY and QQQ looks very Bearish while Russell and DJIA looks slightly Bullish to Neutral

If anyone wants to Hedge up, I can definitely recommend going Short on QQQ and Long on Russell which probably is the best bet right now!

]]> By: KevinK https://rightsideofthechart.com/swing-trade-ideas-5-23-23/#comment-27787 Tue, 23 May 2023 19:22:36 +0000 https://rightsideofthechart.com/?p=211483#comment-27787 Randy,

Sorry to hear you’re not feeling well. Don’t apologize for not constantly updating. Take care of yourself first. The market will always be there when your ready to get back to it.

For everybody’s info…other than the debt ceiling (which hasn’t seemed to affect the market yet), Nvidia reports tomorrow (Wednesday the 24th after the close) and that may move the market more. Can’t see the market not liking their numbers (they like everybody’s numbers, even when they’re not great), but anything is possible.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/swing-trade-ideas-5-23-23/#comment-27786 Tue, 23 May 2023 18:29:08 +0000 https://rightsideofthechart.com/?p=211483#comment-27786 Oh, man! So sorry to hear about that food-poisoning or whatever it was. Hope you do recover quickly and get to feeling 100%.

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