Replies to post #1364 on Better Traders

[desertcynlite]

QQQ Daily Chart (in my chart it is /NQ:

I put little red arrows on the key ingredients I am seeing that point to a down day tomorrow:

First, there is a confluence of resistance lines in the top right hand corner (blue dotted lines.) These are VERY long term resistance lines. Today (2 p.m. EST) the hourly dropped below the bottom line and then reversed back above it when it tagged the 50 ema. It was dropping fast so, I thought it would make it, but no. I don't have your yellow (amateur) and blue (pro) information to help me out. Currently, price is at 14418 (just above the second blue dotted line.)

The Full Stochastic is rolling over, but that could be a head fake move. When it crosses over, the next day is either down or sideways. If it drops below the 80 (top solid blue line on Stochastic indi) tomorrow, then that will get the move going. Look at May 23-24 for comparison (NVDA stopped that move.)

Ultimate Volume Indicator had above average volume with red volume equaling the red level on 5/3, 5/19 and 5/23. All were followed by sell off days the next day.