qqqq tracks the $ndx (nasdaq 100), not the nasdaq composite.
I agree, Sunday night futures moves rarely mean much.
I've even noticed that Comex Gold is even usually dull from the bell at 8:20 (NYC Time)...
I always have a 60 min, Daily, Weekly and Monthly chart open.
Funny thing is, I have been trading gold on the short side for weeks and now that I...
Looks like a textbook start to a parabolic blowoff to me. Only needs volume.
Using daily and weekly charts for swing trades and position trades these charts will sometimes contradict one another. SPY might close below...
Same as GC
The chart is like a gift right now. Range traders gotta love it. Breakout traders sitting patiently on their hands. Something for everyone!
Thursday's "fat finger" day reminds me more of February 27, 2007. I was watching that day also when the Dow dropped 500 points in the blink of an eye.
You only see the bottoms in the consolidation pattern you posted? One might say your chart also shows four tops.
Thanks, I'll try that.
EDIT: Worked perfectly! Thanks again!
I run the Tradestation charting platform on more than one computer in my home. I noticed that there are times when there are differences of...
You're a bit early. Yes, there is a clear breakout of the down trendline.
However, the short term chart (daily since Mar 3) and the weekly chart...
selloff stalled at 1116.57
yesterday's low 1116.51
A close below could bring another leg down.
I wasn't going to bother adding to this thread but I have to step in and defend the OP. I too have been watching this level but with a slight...
I should add that I also like Technical Analysis of the Financial Markets by John Murphy. It's a watered down, slightly easier read of the...
Technical Analysis of Stock Trends
by Edwards & Magee
It's an old classic. Every other TA book out there is just a re-write of this original.
Separate names with a comma.