$SPX - Chart Link- daily SPX - something I
could see happening is price finding support near the 20 MA then
still having a push up to fill that gap. We'll see. Like I said
next Friday is Quad Witch, sometimes those can be big inflection
points for market so so if price held up and rallied again into
that would not surprise me - or just chops around here for a
while.
QQQ - Chart Link- down nicely today but first
support is the 9 EMA and then the previous highs which could become
support
SQQQ - Chart Link - like I said earlier
even if you chased the gap still a nice trade, breakaway gap.
However now price is at a resistance zone
SQQQ - Chart Link - 120 min view -
overtime price will probably work higher to the upper channel
QQQ - Chart Link - here's an interesting
chart, the QQQ 60 min - if market bounces here, watch for that
broken channel line to possibly act as resistance (could be a
second area to short with tight stop)
Posted by timebandit on 11th of Jun 2020 at 10:51 am
There is a partial gap to fill just below around 3080. Why not
dip down to fill that? If it does, then we see what's next. If it
doesn't, that would be a pretty bullish signal...
SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 09:52 am
$SPX - Chart Link- daily SPX - something I could see happening is price finding support near the 20 MA then still having a push up to fill that gap. We'll see. Like I said next Friday is Quad Witch, sometimes those can be big inflection points for market so so if price held up and rallied again into that would not surprise me - or just chops around here for a while.
QQQ - Chart Link- down nicely today but first support is the 9 EMA and then the previous highs which could become support
Update: SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 12:07 pm
$SPX - Chart Link - has a date with that 20 day MA below
Update: Update: SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 01:07 pm
SQQQ - Chart Link - like I said earlier even if you chased the gap still a nice trade, breakaway gap. However now price is at a resistance zone
SQQQ - Chart Link - 120 min view - overtime price will probably work higher to the upper channel
QQQ - Chart Link - here's an interesting chart, the QQQ 60 min - if market bounces here, watch for that broken channel line to possibly act as resistance (could be a second area to short with tight stop)
Update: Update: Update: SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 02:51 pm
$SPX - Chart Link - 200 MA a hair's breath away
200ma @ 3013 > price
Posted by tahoe on 11th of Jun 2020 at 03:03 pm
200ma @ 3013 > price @3009 > this is most interesting to watch unfold.
Update: Update: SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 12:54 pm
$SPX - Chart Link - testing the 20 day MA now, mentioned this morning price had a date with that MA
Important price now 191 pointsoff the highs - so is matching symmetry, the maximum amount price pulled back during the uptrend
Update: Update: Update: SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 01:03 pm
$SPX - Chart Link- intra day largest bounce was 21 points this morning and 25 yesterday afternoon - some MACD divergence on 5 min
$SPX - Chart Link- on the daily we are at that bounce zone potential
Update: Update: Update: Update: SPX and QQQ daily
Posted by matt on 11th of Jun 2020 at 02:15 pm
$SPX - Chart Link - 204 points off the highs now. Note 200 MA just below
Anyway also note the 50% zone on the 14 length RSI - that's also an important area
this year has been a year of extremes for sure
@3036 > 197 points now
Posted by tahoe on 11th of Jun 2020 at 12:59 pm
@3036 > 197 points now > a doji > getting pushed by the 9ma
@3029 > 204pt > where
Posted by tahoe on 11th of Jun 2020 at 02:20 pm
@3029 > 204pt > where from here > @3026 now (14:37) on the 1min
@3048 > 185pts down
Posted by tahoe on 11th of Jun 2020 at 12:29 pm
@3048 > 185pts down
@3042 - 191 points down
Posted by tahoe on 11th of Jun 2020 at 12:51 pm
@3042 - 191 points down
is this an island top
Posted by morton7 on 11th of Jun 2020 at 12:09 pm
is this an island top on the daily?
Yes island tops it appears
Posted by steve on 11th of Jun 2020 at 12:12 pm
Yes island tops it appears the market is getting Robinhooded
Same question I was about
Posted by johnny2012 on 11th of Jun 2020 at 12:09 pm
Same question I was about to pose.
There is a partial gap
Posted by timebandit on 11th of Jun 2020 at 10:51 am
There is a partial gap to fill just below around 3080. Why not dip down to fill that? If it does, then we see what's next. If it doesn't, that would be a pretty bullish signal...
Matt, great SPX and QQQ
Posted by DK on 11th of Jun 2020 at 10:18 am
Matt, great SPX and QQQ charts and thank you. Would be great to see SPX rally up to the 9ema at 3130ish for another objective short opportunity.