Richie..the move down came over night and since we have
seen a bounce up (similar to yesterday). IWM and QQQ
intrdaday charts showed some pos divergence on the early morning
lows with the QQQ's bouncing off it's 9 day EMA and IWM near its 20
day MA. The daily charts have support below price with the MA's
bullishly stacked. With that said, the intraday charts are now
displaying lower highs and lower lows so one must continue to
monitor and respect ones triggers and stops on the time frame they
trade.
I also suggest reviewing the intraday charts on those inverse
ETF's at the end of yesterday for objective setups coming into
today.
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Richie..the move down came over
Inverse ETF's
Posted by steve on 24th of Feb 2017 at 11:22 am
Richie..the move down came over night and since we have seen a bounce up (similar to yesterday). IWM and QQQ intrdaday charts showed some pos divergence on the early morning lows with the QQQ's bouncing off it's 9 day EMA and IWM near its 20 day MA. The daily charts have support below price with the MA's bullishly stacked. With that said, the intraday charts are now displaying lower highs and lower lows so one must continue to monitor and respect ones triggers and stops on the time frame they trade.
I also suggest reviewing the intraday charts on those inverse ETF's at the end of yesterday for objective setups coming into today.