$IWM & $QQQ - The 20DMA has been lost, what is the next stop?

SmartReversals
12-13

1. $iShares Russell 2000 ETF(IWM)$ -4.2% Already From the High of the Shooting Star, and the oscillator says there is still distance before reaching oversold levels.

The 20DMA has been lost, what is the next stop?

A) The 50DMA? [$229]

B) The Gap? [$224.3]

C) Point of Control of the Volume shelf? [$221]

They told me December was going to be bullish, also they told me September was going to be bearish, and July and April bullish. What happened?

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2. $Invesco QQQ(QQQ)$ - Inside Candle at the 5DMA

Losing $525 tomorrow (5DMA) would provide acceleration to a market pullback that so far has been shallow because tech came to the rescue.

The Volume profile provides a relevant support in the gap area. Will it be filled soon?

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MSTR, PLTR to Join Nasdaq: Sell the News or Add More?
On Saturday, the Nasdaq 100 announced its annual index rebalancing, adding three companies: Palantir, MicroStrategy, and Axon, while removing Illumina, AMD, and Moderna. However, the two star stocks pull back yesterday. Analysts suggest that the rebalancing effect will not be too soon as there is a buffering zone. ----------------- Which of these companies do you see as a good buying opportunity right now? Sell the news or add more?
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Comments

  • KSR
    12-13
    KSR
    👍
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