Comments on: Technical Analysis Continues To Work Like A Charm

By: Nana

Nana — Wed, 25 Mar 2020 17:29:12 +0000

In reply to rsotc. @rsotc Randy, Any clue about market direction/pullback target..

By: rsotc

rsotc — Wed, 25 Mar 2020 14:09:49 +0000

I’m sure it goes without saying but pop into these resistance/target levels followed by the reversals (so far) meshed with my pre-market analysis with a little more upside followed by a reversal in the stock futures: https://rightsideofthechart.com/technical-analysis-continues-to-work-like-a-charm/

Of course, the question now is: How far to these pullbacks go? The answer is that I’m not sure at this time although active traders that reversed from long to short at those targets could either book the quick profits (QQQ has already dropped 3.25% so far) or trail down stops to allow for a potential runner trade. QQQ also had decent support around 179 (top of yesterday’s gap) which could serve as a pullback target as well.

By: mattyp

mattyp — Wed, 25 Mar 2020 14:01:51 +0000

Wow! Fantastic call Randy.

By: jumpingbean

jumpingbean — Wed, 25 Mar 2020 13:57:32 +0000

good call! Thanks Randy!

By: jwconk

jwconk — Wed, 25 Mar 2020 13:39:50 +0000

We blew right through 185.46, on to 192.72… would you contemplate a T4 or take profits at 192.72?