Significance of Nasdaq 10875
Friday’s bottom and today’s intra-day bottom within decimal points of each other both at 10875 as the whole number part.
What’s with that #?
GL
Friday’s bottom and today’s intra-day bottom within decimal points of each other both at 10875 as the whole number part.
What’s with that #?
GL
May be I egged it on, with my post! LOL!
10867 new low of the day
GL
Still not seeing enough fear in the market for a solid bottom yet.
Those numbers in themselves are insignificant. Trying to make a double bottom. It is the general area that counts. Look back a month on chart you will see small gap around 10,800. So breaking slightly below Fridays low is not that meaningful if the 10,800 area holds.
51 minutes to go.
If the sellers are heading for the exits en masse, on the heels of Robinhood and Softbank news, 10800 may be gone in a flash!
Sir Chartsmaster, what is a good entry point for PSQ?
GL
I would try for 16.35 to 16.40 over next few days.
Thanks, Chartmaster.
I know you have “mixed” experiences with SQQQ in the past 😉 … but as per Stewart Thomson, SQQQ is a screaming buy, too!
https://gracelandupdates.com/wordpress/wp-content/uploads/2020/09/2020sep8stkmkt3.png
GL
I have no experience with SQQQ. I don’t use leverage. Only trade PSQ.
Oh ok, my bad. May be it was someone else who recommended avoiding SQQQ.