Market broke the recent low and late day massive bounce. Technically a bullish sign as we have seen in the past, market tend to make a lower low before any meaningful bounce. Friday’s low new support with 300 now resistance. Ideally a red to green open Monday would be good for longs. Follow me on …
Test of the recent low premarket, reversal and back to lows by close. Market remains volatile but some nice back and forth range for active traders. If the lows tested again, it might not hold. One positive thing, many small caps saw nice squeeze action. So I will be watching some smalls caps to watch …
Choppy day but market holds. QQQ bounced off 300 and a good close. 300 support now with resistance at 310 followed by 20 MA. Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman Get access to our accelerated day or swing trading course with over 20 hours of content, access to …
Relief rally follow day. Stopped at 1st resistance 8 EMA. With tons of overhead resistance, nothing much to get excited about. 20 MA next logical resistance. It’s just a dead cat bounce. Bottoming is a process and without quantitative easing, not much hope for “V” shape bounce. Hit and run trade continues both long and …
Range bound day for the market. Nice round trip short/long action for active traders. QQQ holding that 300 level. Bulls want to see it hold and make a run for a relief rally.Hit and run trade continues both long and short. Nothing clean, expect volatility. Follow me on Twitter for real time trading setups@szaman and …
Another volatile day with sell off at open, bounce and then usual end of the day sell off. QQQ needs to hold 300 psychological support. Volatility should stay, some nice opportunities with both short and long intraday. His and run trade continues. Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman …