QQQ (14 November)The +/- 3% envelope with the 20d MA works well for mean-reversion strategies since it clearly shows inflection points where price may snap back toward the average
How far is price from its 20d MA & is price near extremes of the 3% bands?
Bollinger Bands adjust dynamically with volatility
Price
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QQQ Mean-ReversionEvery time QQQ reached the lower Bollinger band, a mean-reversion bounce followed this year
When price tags the lower band & doesn’t expand downward, it means the selling is losing momentum
The 20d MA is near $605 & the nearest magnet after a lower band tag
Price almost always returns to the mi
Qqq.. No crying in the casinoPullback from summer channel top to channel bottom is underway and almost finished..
But go to your weekly and zoom out a decade
Logarithmic
Zoomed in
So yes, we are at the bottom of a 6month channel but we are still at the top of a 15year trendline and I don't think we last above here much
QQQ to 618, then 628If all goes well QQQ we should see this hold 598. This will confirm a bull-market is still in play, thus revisiting previous highs at 628-630. Why this price target? Volume Void or inefficiencies are present at 618 and lastly 628. My assumption is price tends to revisit these areas of inefficiencies
Market Condition, Trading Conditions and StrategiesHere are some important terms for traders to understand.
Market Condition refers to the overall long-term trend, where we are in the CYCLE of the Stock Market.
Trading Conditions are identified and traded by using the day over day and week over week trends and trendline patterns within that Cy
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Displays a symbol's price movements over previous years to identify recurring trends.
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