Comments on: Weekly Closing Market Wrap 11-9-18 https://rightsideofthechart.com/weekly-closing-market-wrap-11-9-18/ Stock Trading, Investing & Market Analysis Mon, 12 Nov 2018 13:50:35 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Hiddenpivots https://rightsideofthechart.com/weekly-closing-market-wrap-11-9-18/#comment-5145 Mon, 12 Nov 2018 13:50:35 +0000 https://rightsideofthechart.com/?p=188675#comment-5145 In reply to rsotc.

GM Randy, Thanks as always..

]]> By: rsotc https://rightsideofthechart.com/weekly-closing-market-wrap-11-9-18/#comment-5144 Mon, 12 Nov 2018 13:46:50 +0000 https://rightsideofthechart.com/?p=188675#comment-5144 In reply to Hiddenpivots.

Near-term direction on GS is a tough call for me. On one hand, the stock just put in a divergent low on the daily chart but as you said, that was one nasty (bearish) candle on Friday. My daily chart & weekly charts are below.
Longer-term, my outlook has not changed. Weekly chart appears to indicate GS going down to at last the 181 are & quite possible the 138 area in the coming months. Next weekly sell signal to come on a weekly close below the 213.40ish support level.

]]> By: Hiddenpivots https://rightsideofthechart.com/weekly-closing-market-wrap-11-9-18/#comment-5142 Sat, 10 Nov 2018 01:28:38 +0000 https://rightsideofthechart.com/?p=188675#comment-5142 Great alerts Randy? Could you please touch and show your $GS chart and targets please?
I came in today with Nov 225 puts, banked half letting runners run… It really dumped hard at close, large BEARISH daily candle.

]]> By: rsotc https://rightsideofthechart.com/weekly-closing-market-wrap-11-9-18/#comment-5141 Fri, 09 Nov 2018 22:05:52 +0000 https://rightsideofthechart.com/?p=188675#comment-5141 In reply to bobblue.

Congrats those trades! I must have missed the other inquiry on SQ so please let me know if you can recall which member posted it or copy & paste the link to that thread so I can share this chart with them. I think SQ appears to offer an objective short entry here following the second backtest of the recently broken trendline from below. 71.50 is minor support that you could also wait to short on a break below & I’ve listed the price targets (unadjusted targets/actual support… best to cover just above) on this daily chart\

]]> By: bobblue https://rightsideofthechart.com/weekly-closing-market-wrap-11-9-18/#comment-5140 Fri, 09 Nov 2018 21:43:36 +0000 https://rightsideofthechart.com/?p=188675#comment-5140 Your analysis helped me close my position on tqqq at $57 that I got in at $48.50 and I picked up over 4% on sqqq that I closed at the end of today. I’m trying not to over trade and let the market come to me.
PS I’m also curious your thoughts on SQ like another person on this board. Everyone have a nice weekend

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