Today was a very ugly reversal to the downside

Cuddles · Sep 16, 2020

corky

maxinger · Sep 16, 2020

NQ down it goes again during the Asian session.

Double happiness for those who shorted NQ during yesterday's US session and today's Asian session.

Always trade based on what the chart says

bone · Sep 16, 2020

I’m not going to bother with the Dow or the S&P.

Nasdaq is the big kahuna. That’s where the big institutional order flow is. I’ve known that for many months now but I’ve resisted changing my charting and tickers.

ChipShotTrader · Sep 16, 2020

Yeah, and "Quantum of Solace" is playing on Netflix...

maxinger · Sep 16, 2020

bone said:
I’m not going to bother with the Dow or the S&P.

Nasdaq is the big kahuna. That’s where the big institutional order flow is. I’ve known that for many months now but I’ve resisted changing my charting and tickers.

right. NQ is the big kahuna.

Dow is the nano kahuna.
I don't even bother to display the YM chart.

bone · Sep 16, 2020

Old habits die hard.

maxinger said:
right. NQ is the big kahuna.

Dow is the nano kahuna.
I don't even bother to display the YM chart.

SunTrader · Sep 17, 2020

And the NAZ can rip either way fast.

KCalhoun · Sep 17, 2020

Bought another $2k SQQQ TZA etc premkt

derektrader · Sep 17, 2020

We could easily and decisively close beneath the 50 dma today on good volume. Im talking the Nasdaq but the other two indices could as well. As i said the other day, the markets are defying gravity and logic.

bone · Sep 17, 2020

derektrader said:
We could easily and decisively close beneath the 50 dma today on good volume. Im talking the Nasdaq but the other two indices could as well. As i said the other day, the markets are defying gravity and logic.

I find that markets react to the trend line more than the 50 dma. Just my opinion.