shuqi0923

shuqi0923

Likely to go higher next week.

shuqi0923

Today closes near its high and the bull trend is so tight. Market will likely go higher. But it has been so far above EMA20 for a while

shuqi0923

For such bullish trend, the first pullback is usually minor. Bulls won’t give up unless there are consecutive big bear bars.

shuqi0923

It is now far away from EMA20.

shuqi0923

It is extremely overbought. And pull back should start soon.

shuqi0923

A new high is very likely. But it is very unusual to see 11 green days.

shuqi0923

10 green days in a row. That is extreme.

shuqi0923

It is very tight bull channel. But it is also over bought. Any pull back will be minor.

shuqi0923

It is over bought. Minor pull back is likely before a new high.

shuqi0923

Bulls have been so strong. But there might be a day or two pause or minor pull back.

shuqi0923

QQQ hasn't broken out of range yet. But without consecutive big bear days, there is good chance for QQQ to keep going up till it reaches a new high.

shuqi0923

Today breaks the bear channel. But it looks it is still in the range. Bears won't give up till previous lower highs are taken out.

shuqi0923

Odds favor a new high before deep pull back.

shuqi0923

More range days likely...

shuqi0923

A lot of buyers below 300 and sellers above 340.

shuqi0923

If March closes as doji like right now, I think there is a good chance for bulls to reach a new high later. I don't think market will be bearish unless we see double top on monthly chart.

shuqi0923

Not good chance of breaking out for either bulls or bears on weekly chart.

shuqi0923

It is good bull day. But resistance of broad bear channel is not far above. If bull breaks previous high, it will evolve into a broad bull channel.