I can count 5 small waves down on QQQ (could subdivide depending
upon earnings) but it held demand and bounced so if true you watch
for higher low. Lastly, I trade off demand and supply zones
not EW.
NICE on AMZN!! To me the chart looked decent, price was right on
the 50 day MA, had a textbook 3 wave pullback, was worth a shot
long before earnings, up about 10 points after hrs
QQQ Daily
Posted by steve on 3rd of Aug 2023 at 12:39 pm
QQQ - Chart Link - decent bounce from posted demand zone yesterday
Steve do you think this
Posted by anjali25 on 3rd of Aug 2023 at 03:38 pm
Steve do you think this bounce is a wave 4 bounce with 5 down to come or are you leaning towards the down move being done - insights appreciated
I can count 5 small
Posted by steve on 3rd of Aug 2023 at 03:53 pm
I can count 5 small waves down on QQQ (could subdivide depending upon earnings) but it held demand and bounced so if true you watch for higher low. Lastly, I trade off demand and supply zones not EW.
Earnings are a binary event so pick your side.
Sold a few calls on
Posted by steve on 3rd of Aug 2023 at 04:03 pm
Sold a few calls on that pop - trail stops on balance
NICE on AMZN!! To me
Posted by matt on 3rd of Aug 2023 at 04:05 pm
NICE on AMZN!! To me the chart looked decent, price was right on the 50 day MA, had a textbook 3 wave pullback, was worth a shot long before earnings, up about 10 points after hrs
its amazing that a company
Posted by morton7 on 3rd of Aug 2023 at 04:15 pm
its amazing that a company that large can grow sales in the double digits! wow! sts comes through again.
Steve thanks for this QQQ
Posted by DK on 3rd of Aug 2023 at 12:47 pm
Steve thanks for this QQQ chart and demand zone info. Would you recommend looking to take profits at the 20 ma if it gets there?