Swing Trading QQQ

[SunTrader]

$INDU & $RUT kinda breaking down a little of late.

Maybe they catch up with $SPX and $NDX if they continue higher. Maybe.

PCE, the biggie, upcoming on Friday

 

[v-shape-0DTE]

Yahoo Finance reports "Elon Musk's AI company, xAI, announced plans to buy Nvidia's AI chips for its new supercomputer." Yeah, whatever.

But QQQ was down most of the day, only to rally in the last 10 minutes to close up 0.38%. So it will be interesting how things pan out for the rest of the week. I'm definitely sensing weakness in the general market. If we tank tomorrow (and there's no economic news for tomorrow), that would not bode well.

Well you got a decent gap down, but as usual in this market it was just to set up another massive green candle. The second it hit the day session, immediately bought like usual. Hungry dip buyers again going to work this morning. The price action is just too slow, when it drops it just immediately V's.

For the life of me, I just don't know how this ever drops.

 

[schizo]

For the life of me, I just don't know how this ever drops.

Well, all good things must come to a stop at some point. But until then, enjoy your ride.

 

[v-shape-0DTE]

A rare red day where there’s been no V. Other than that $1 rip at 10:30 it’s been down all day. So hard to achieve, but today is an extreme anomaly. Hope you are making money.

Down 7-8 is usually as red as they let it go for a day. There are bearish signals, but still hard to trust today given the insane V nature of the market.

 

[schizo]

A rare red day where there’s been no V. Other than that $1 rip at 10:30 it’s been down all day. So hard to achieve, but today is an extreme anomaly. Hope you are making money.

Down 7-8 is usually as red as they let it go for a day. There are bearish signals, but still hard to trust today given the insane V nature of the market.

Methinks this is just a start to another correction we saw back in April. However, we will likely see a V early next week. But tread carefully, since that will only be a dead cat bounce. Good luck!

 

[schizo]

Man, these V-crews are unstoppable!

 

[nitrene]

What a ride that was. All because traders didn't like what Dell said about their backlog.

 

[v-shape-0DTE]

Man, these V-crews are unstoppable!

I jinxed it. Posted at the literal bottom. Yeah today is a total back bracker for anyone who wanted the market to head lower. I don't know how you get over today. So damn impossible to even get to this situation where it was actually dropping and it was immediately reversed. The V thing is just too powerful and will never go away.

 

[schizo]

I jinxed it. Posted at the literal bottom. Yeah today is a total back bracker for anyone who wanted the market to head lower. I don't know how you get over today. So damn impossible to even get to this situation where it was actually dropping and it was immediately reversed. The V thing is just too powerful and will never go away.

This is one of those days where you literally blow up your account if you don't use stops. And haven't we seen enough posers lately who say stops don't work? You know who you are.

Anyway, don't get too excited. Today's the last day of the month, so a typical window-dressing was expected, although not as much as what happened today.

 

[murray t turtle]

This is one of those days where you literally blow up your account if you don't use stops. And haven't we seen enough posers lately who say stops don't work? You know who you are.

Anyway, don't get too excited. Today's the last day of the month, so a typical window-dressing was expected, although not as much as what happened today.

%%
LOL
Like the AZ rancher said '' God Almighty, that's a jaguar ''/
his lion dogs usually tree a yellow tan mountain lion.
But those spots /big cat up a tree proVed it was jaguar like a PSAR going up LOL