No follow through after Monday’s reversal. QQQ was faded right on resistance. I was hoping for a bounce for few days to load up some shorts but market remains extremely weak and bounces are getting faded. Bias remains short on bounce or if there are clean intraday trends. If choppy, better t0 stay out. Still …
QQQ destruction continues as every bounce attempt gets faded. QQQ no attempt to try to reclaim 200 MA yet,it sure seems some tech fund is blowing up. Market reaching extreme oversold condition as you can see from $NYMO chart below and a bounce is likely , doesn’t mean it has to bounce, some small cap …
We saw an ugly close to the stock market in 2021 and everyone was reassuring the bulls that the January Effect would make everything okay. That has not been the case this year so far. The January Effect is a potential seasonal increase in stocks during the month of January. Many traders and investors attribute …
Read moreEverything You Need to Know About The January Effect in 2022
QQQ another trend down day breakdown. 200 MA , 365 coming up followed bu 360. Watch list ideas. NVDA, RIVN,RBLX shot idea working well. Ideally for a bounce to happen,need a flush through 200 MA panic sell and sharp reversal. Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman …
QQQ middle of the range and on no mans land. Trend remains down and many tech names showing indecision candle at support on Friday. Again hit and run trading both long and short with our go-to names. Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman Get access to …
QQQ day 2 of dead cat bounce with tons of resistance on top. 8 EMA first resistance to get over. Again hit and run trading both long and short with our go-to names. Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman Get access to our accelerated day or …