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3x Short Nasdaq 100 Index Tracking ETF

QQQ Pullback Likely

QQQ is likely headed to one or more of the horizontal lines below following the break & backtest of the 5 minute uptrend line after failing to surmount solid resistance (on the daily charts). I just took SQQQ (3x short QQQ) long which I plan to close out by the end of day with a [...]

Aug 28, 2015 1:39pm|Categories: Equity Market Analysis|Tags: , |Comments Off on QQQ Pullback Likely

QQQ Final Short-term Target Hit, Swing Target Remains 100.09

The 60 minute near-term target, T2 at 105.33, has now been hit. T1 at 100.09 remains preferred swing target on the daily chart. As stated yesterday, my expectation is that the selling will continue to accelerate in the coming days. I had also recently mentioned that my expectation was that the T1 level will be [...]

Mar 11, 2015 2:17pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ Final Short-term Target Hit, Swing Target Remains 100.09

SQQQ/QQQ Comes With A Penny Of Final Near-term Target, Daily Swing Target Reiterated

QQQ hit a low of 105.34 just over an hour after the open today, missing the 60 minute T2 level by a mere penny. With the near-tag of support & bullish divergences on the 5 minute time frame, the Q's could possibly move to as high as the 107 area (gap resistance) before taken out [...]

Mar 11, 2015 11:51am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on SQQQ/QQQ Comes With A Penny Of Final Near-term Target, Daily Swing Target Reiterated

SQQQ/QQQ First Target Hit, T2 Likely Soon

QQQ 60 minute March 10th The SQQQ/QQQ short trade has hit the first target on the short-term (60 minute) time frame with T2 likely to be hit soon as my expectation is for the sell-off to pick-up momentum in the following days. See daily chart for QQQ swing targets. I still favor covering [...]

Mar 10, 2015 10:43am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on SQQQ/QQQ First Target Hit, T2 Likely Soon

QQQ Swing Targets Revised

QQQ daily March 8th close The swing targets for the current QQQ short trade based of the daily chart have been slightly revised, with the former T2 now re-sequenced as T1 (100.09 and/or uptrend line). The previous first target was listed as the minor uptrend line, which formed the bottom of a rising [...]

Mar 9, 2015 8:30am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ Swing Targets Revised

QQQ Support Broken, Administrative Notes

As the QQQ has now broken below the pattern, the S/T (60 minute chart) targets are likely to be hit within the next week or so. The web server that hosts Right Side Of The Chart has been down today, causing some interruptions to the website. Although fairly uncommon, server outages do happen [...]

Mar 6, 2015 2:12pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ Support Broken, Administrative Notes

QQQ/SQQQ Entry Revised: Shorting Partial Rise

Based on the partial rise into the wedge following this most recent tag of the bottom, I am revising the entry on QQQ/SQQQ to current levels as the Q's have now retraced 50% of the most recent drop from the top of the wedge, with a suggested stop over 109.50. Some of you might recall [...]

Mar 4, 2015 1:26pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ/SQQQ Entry Revised: Shorting Partial Rise