As the market ended its second leg down two sessions ago, we now turn focus to overbought conditions for deterring when the next leg lower might begin.
Market’s 2nd Leg Down Ended; Overbought Conditions in Focus for the Rebound Read Post »
The QQQ attempted to reclaim the $600 level and reached the midline on the hourly before peeling back. We discuss why the QQQ is likely headed lower in the intermediate-term.
Market finally showing signs its in a subtle and slow grind lower in a correction.
QQQ Correction Risk Skyrockets As it Trades Down to $596 and Not Even Oversold Read Post »
The QQQ continues to trade in our uncertain range ($605-$615) and we should have a better sense of direction once the trades out of that range. We discuss the scenario as it stands.
First Non-Major Gap-Up Monday in a while Read Post »
Market gapped down big but quickly filed the morning gap. We sold see a return to the lows later in the session.
QQQ Makes New Low Extending Sell-off to 12-Sessions Read Post »
QQQ has begun a second leg lower, but it’s still unclear whether we’re in a correction or whether this is just a big set-up for what will later be a larger sell-off.
We are in the middle of upgrading the Sam Weiss website to a faster and more secure server, and during
Server Migration Notice Read Post »
Today was more of a transitionary session. We outline what comes next and how we’re going to capitalize on it. The market has two directions it can go in and both lead to very obvious decisions. We’re in a good spot right now.
Market Briefly Pausing Ahead of Next Move in our Outlook Read Post »
QQQ is merely pulling back a few points ahead of a second leg higher toward $630.
Market to See an inevitable 2nd leg Higher toward $630 After Today’s Pull-Back Ends Read Post »
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