QQQ’s dropped below lows of the year but are back above 160.09 now.  Would you consider that bearish because it crossed the line or bullish because it could end of as a hammer candlestick?  To me, QQQ’s seem to be leading the way down, and I am considering selling some long holdings for protection.  

so, my understanding is that you think SPX is going to drop back again and set a higher low than the previous low of 2603?  Thanks. 

Thanks for sharing this potentially prescient chart. Was it published last night or this morning after the drop?  I can't zoom in enough to see if we have already violated the red line. Is the red 20.27 number on the right the number that must hold?  If so, we're already below it. i apologize for the hand holding but appreciate your interpretation. 

Thanks, 3putt. I, too, am a long term swing trader and have gotten burned by waiting for a "good" correction in the miners. I have a small position, but it looks like the long term outlook is very good. In a bull market, you can miss a lot of opportunities by waiting for the perfect set up!  Thanks!

The SPY PRO System just keeps getting better, Matt.  Thanks for all of your hard work.  I can see what you must have gone through to put this together.  It is logical, evidence based, thoroughly back tested and appears to hold up in real time.  This could be a God send for someone like me who can not keep a close eye h the market all day long, due to work restrictions, and prefers a swing system like this.  Heartfelt thanks.  I'm in!

Sorry Matt, I know you've been sick, but audio is missing again.  Thanks.

Steve, are you suggesting that these Biotech stocks may be ready to turn around and may be a good buying opportunity now?  Thanks.

I'm getting a prostate biopsy today at Mayo, so I needed that comic relief!

After breaking wedge yesterday, but 5% upside move today to touch the underside of the wedge, with negative divergence still in play.  Would this be a good play for a short. You experienced traders, please help me out.  Thanks!

Thanks, Steve,  I'll watch it a little longer before committing.

Is anyone shorting ZOES, or does this look like a fake out to more experienced traders?  Thanks for your input.

All the news seems to be about malls suffering, but online shopping thriving. That may have something to do with it. 

I was thinking the same thing, with right shoulder needing to form.  Sold my SWKS puts for a 36% gain.  Configuration similar and will look to buy them back after a bounce.

Matt, question for education, please.  MA's are down sloping and price was underneath the 5 and 9, so would you anticipate a bounce to the 9?  Or since the SLOW STO is so oversold, would  a several day bounce make more sense?   Thanks.  

Wise words, Sbaxman.  Thanks!

ThankS, Mia. Bought a few calls. 

Looks like SWKS is breaking down out of the wedge. Time to buy puts?  Already oversold on the intraday charts, but could embed along the baseline. Thoughts?  I do plan to short it but would appreciate advice on timing. Thanks. 

Earnings 4/28/16.