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	Comments on: Weekly Stock Market Wrap 9-6-24	</title>
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	<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/</link>
	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Mon, 09 Sep 2024 14:51:27 +0000</lastBuildDate>
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		<title>
		By: EMFO		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33544</link>

		<dc:creator><![CDATA[EMFO]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 14:51:27 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215122#comment-33544</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33541&quot;&gt;rsotc&lt;/a&gt;.

&lt;a class=&quot;bp-suggestions-mention&quot; href=&quot;https://rightsideofthechart.com/members/rsotc/&quot; rel=&quot;nofollow ugc&quot;&gt;@rsotc&lt;/a&gt; thank you Randy.  Just FYI, I am now getting these comments notifications on my email.  Thank you for taking care of the website certification.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33541">rsotc</a>.</p>
<p><a class="bp-suggestions-mention" href="https://rightsideofthechart.com/members/rsotc/" rel="nofollow ugc">@rsotc</a> thank you Randy.  Just FYI, I am now getting these comments notifications on my email.  Thank you for taking care of the website certification.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33542</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 13:33:12 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33539&quot;&gt;Mikeflegel&lt;/a&gt;.

I&#039;ll explain my logic in the next video.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33539">Mikeflegel</a>.</p>
<p>I&#8217;ll explain my logic in the next video.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33541</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 13:32:40 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215122#comment-33541</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33535&quot;&gt;EMFO&lt;/a&gt;.

I was being somewhat mechanical because we closed Friday below those key support levels on my /ES (5442) &amp; /NQ (18500ish) 60-minute charts. However, as of this morning in the pre-market session, I covered &amp; reversed back to long in my active trading acct as both of those levels have been regained.

While this morning&#039;s move back above those key support levels could very well prove to be a whipsaw, as of now we have a whipsaw, i.e.- potential bear-trap, with today&#039;s recovery back above those levels.

As, if not more importantly, we still have positive divergences on the 60-minute charts of both /ES &amp; /NQ with NVDA (and SOXX) also still testing key &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line support.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33535">EMFO</a>.</p>
<p>I was being somewhat mechanical because we closed Friday below those key support levels on my /ES (5442) &#038; /NQ (18500ish) 60-minute charts. However, as of this morning in the pre-market session, I covered &#038; reversed back to long in my active trading acct as both of those levels have been regained.</p>
<p>While this morning&#8217;s move back above those key support levels could very well prove to be a whipsaw, as of now we have a whipsaw, i.e.- potential bear-trap, with today&#8217;s recovery back above those levels.</p>
<p>As, if not more importantly, we still have positive divergences on the 60-minute charts of both /ES &#038; /NQ with NVDA (and SOXX) also still testing key <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line support.</p>
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		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33540</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 13:18:26 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33536&quot;&gt;@GEOTRDR&lt;/a&gt;.

Thamks for this. Keep dialog coming]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33536">@GEOTRDR</a>.</p>
<p>Thamks for this. Keep dialog coming</p>
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		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33539</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Mon, 09 Sep 2024 13:16:58 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215122#comment-33539</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33535&quot;&gt;EMFO&lt;/a&gt;.

I wish Randy woild respond to this.
Going home short but saying we are at support. Mskes little sense]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33535">EMFO</a>.</p>
<p>I wish Randy woild respond to this.<br />
Going home short but saying we are at support. Mskes little sense</p>
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		<title>
		By: EMFO		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33537</link>

		<dc:creator><![CDATA[EMFO]]></dc:creator>
		<pubDate>Sun, 08 Sep 2024 19:12:27 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215122#comment-33537</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33536&quot;&gt;@GEOTRDR&lt;/a&gt;.

With the Fed still ahead of us it is likely to tread water, chop around.  Let&#039;s see.  Market looking at an aggressive 50 bp cut.  I doubt it.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33536">@GEOTRDR</a>.</p>
<p>With the Fed still ahead of us it is likely to tread water, chop around.  Let&#8217;s see.  Market looking at an aggressive 50 bp cut.  I doubt it.</p>
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		<title>
		By: @GEOTRDR		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33536</link>

		<dc:creator><![CDATA[@GEOTRDR]]></dc:creator>
		<pubDate>Fri, 06 Sep 2024 22:25:33 +0000</pubDate>
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					<description><![CDATA[Could be a nice upside move on Monday folks..imho]]></description>
			<content:encoded><![CDATA[<p>Could be a nice upside move on Monday folks..imho</p>
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		<item>
		<title>
		By: EMFO		</title>
		<link>https://rightsideofthechart.com/weekly-stock-market-wrap-9-6-24/#comment-33535</link>

		<dc:creator><![CDATA[EMFO]]></dc:creator>
		<pubDate>Fri, 06 Sep 2024 22:21:18 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215122#comment-33535</guid>

					<description><![CDATA[&lt;a class=&quot;bp-suggestions-mention&quot; href=&quot;https://rightsideofthechart.com/members/rsotc/&quot; rel=&quot;nofollow ugc&quot;&gt;@rsotc&lt;/a&gt; Hi Randy.  Just a comment.  I am bit puzzled on the rationale for going into the weekend with a light short.  We basically closed at support after a decent down day.  I would expect to either go long at support or flat.  My guess is that you are seeing a change in the markets character since it was a straight down day today.  In previous instances when you have shown averages and key stock hitting support you have advocated to either go long or wait for support break.  It is just an observation.  I am in cash on my trading account BTW.  I appreciate your thorough market analysis.  I have been a subscriber for multiple years.  Have a great weekend.]]></description>
			<content:encoded><![CDATA[<p><a class="bp-suggestions-mention" href="https://rightsideofthechart.com/members/rsotc/" rel="nofollow ugc">@rsotc</a> Hi Randy.  Just a comment.  I am bit puzzled on the rationale for going into the weekend with a light short.  We basically closed at support after a decent down day.  I would expect to either go long at support or flat.  My guess is that you are seeing a change in the markets character since it was a straight down day today.  In previous instances when you have shown averages and key stock hitting support you have advocated to either go long or wait for support break.  It is just an observation.  I am in cash on my trading account BTW.  I appreciate your thorough market analysis.  I have been a subscriber for multiple years.  Have a great weekend.</p>
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