QQQ - Chart Link- One of you asked me about
symmetry, yes the QQQ's did break symmetry of the uptrend by wide
margin with that pullback, whereas SPX did not. Anyway sets the
stage for QQQ to form some sort of lower high eventually. the
20 SMA and 9 EMA above are resistance ares to monitor for possible
short.
I'll keep you posted on the cycles, on a good abc bounce maybe
we'll get a cycle sell on the 120 min or 195 min which would be a
good trigger
Question answered for SPX and QQQ regarding symmetry
Posted by matt on 9th of Sep 2020 at 10:48 am
QQQ - Chart Link- One of you asked me about symmetry, yes the QQQ's did break symmetry of the uptrend by wide margin with that pullback, whereas SPX did not. Anyway sets the stage for QQQ to form some sort of lower high eventually. the 20 SMA and 9 EMA above are resistance ares to monitor for possible short.
I'll keep you posted on the cycles, on a good abc bounce maybe we'll get a cycle sell on the 120 min or 195 min which would be a good trigger
$SPX - Chart Link-
Good info Matt. Would definitely
Posted by cozz101 on 9th of Sep 2020 at 12:09 pm
Good info Matt. Would definitely appreciate your input on cycles and the KISS stuff for QQQ, SPX. Will watch for resistance at those levels as well.