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Looks like QQQ is about ready for a bounce


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#1 Chilidawgz

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Posted 19 May 2022 - 04:22 PM

Yes or No?

 

bounce.gif?sv=2019-07-07&sr=b&sig=%2FSLF


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#2 jacek

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Posted 19 May 2022 - 04:53 PM

Wouldn't it be nice to see RSI divergence?



#3 Chilidawgz

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Posted 19 May 2022 - 05:16 PM

Wouldn't it be nice to see RSI divergence?

Your right, that would be ideal. I trade off four hour charts myself.

 

bounce2.gif?sv=2019-07-07&sr=b&sig=Nar89


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#4 jacek

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Posted 19 May 2022 - 05:19 PM

Yup, getting close!

I'm waiting for a lower low or MAs cross.


Edited by jacek, 19 May 2022 - 05:20 PM.


#5 fib_1618

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Posted 19 May 2022 - 06:07 PM

Where's the volume to confirm the pattern...it could also be leading diagonal.

 

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#6 beta

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Posted 19 May 2022 - 06:41 PM

Watching that divergence, too but cannot recall what this means in a bear market-?  Been so long since we saw a B-market, I forget the rules. 


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#7 pdx5

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Posted 19 May 2022 - 07:52 PM

Bear market has different rules.
We have all forgotten those.
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#8 fib_1618

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Posted 19 May 2022 - 08:45 PM

Bear market has different rules.
We have all forgotten those.

 

Not all of us.

 

Regardless, I'll share this quote from Tom McClellan that seems appropriate:

 

"As for it being different this time, it is different every time. The question is in what way, and to what extent"

 

Fib


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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

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#9 Chilidawgz

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Posted 20 May 2022 - 06:16 AM

Surprised Cheif is so  quiet on this forum.

 

I will do it for him "Watch the Sky"


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#10 pdx5

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Posted 20 May 2022 - 07:26 AM

Lol thanks for a good laugh.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule