SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lee Lichterman III who wrote (80050)6/7/2023 12:09:17 PM
From: The Ox1 Recommendation

Recommended By
Lee Lichterman III

  Read Replies (2) of 98058
 
I have not been staying up on the China news, which can be dangerous - but since I don't hold overnight, most of what happens during US trading I find actionable.

On QQQ, we saw the largest down candle on the 1 hour chart for a very long time. I haven't had a chance to research it but I think it's saying a lot. If IWM/Russell starts rolling over as well, we may get the scenario that was posted yesterday of a mid month swoon, followed by a nice rally into the EOM.

At the same time, we've seen so much Buy The Dip, that it would not surprise me to see a serious rally this afternoon. I'm not banking on it but volume and the extreme nature of the drop in QQQ could be setting up the shorts to get nuked.

We'll see.....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News