shuqi0923

shuqi0923

If market breaks the bottom, it will swing one leg down to 280. If the market holds well here, it will be in trading range or go sideway for a while.

shuqi0923

A trading range or sideway downward...

shuqi0923

Neutral

shuqi0923

Consolidation...

shuqi0923

It means neutral for next week.

shuqi0923

Today closes near low. Tomorrow is important. If this week closes near low with large bear body, it will be good sell signal for next week.

shuqi0923

It will take some time for bulls to break previous lower high.

shuqi0923

325 is obviously a resistance level for bulls. The question is how long it will take for bulls to break it.

shuqi0923

2nd leg up likely

shuqi0923

2nd leg up is likely

shuqi0923

Bulls have been doing well but some will take profit. So up trend may slow down.

shuqi0923

It is bear day but neutral overall

shuqi0923

EMA 20 and top of channel are resistances for bulls.

shuqi0923

There has been 3 consecutive bear weeks. But It is rare to see 4 consecutive bear weeks. If it happens, it will take many weeks to come back.

shuqi0923

It is good buy signal but not great buy signal considering the previous consecutive 3 bear days. And it doesn't close above Thursday high. It will depend on Monday if this will move up to new high or down to another leg.

shuqi0923

QQQ will test the start of the channel. It looks like it is not far from there.

shuqi0923

It is going to test the start of the channel

shuqi0923

Rally from 40 and going up to 50