Comments on: 3 Reasons Why Now Is The Time To Sell Short $QQQ (Nasdaq 100 ETF) https://morpheustrading.com/blog/3-reasons-sell-short-qqq-nasdaq-etf/ Learn how to swing trade explosive growth stocks and top cryptos with a proven stock trading strategy since 2002. Thu, 29 May 2014 15:23:05 +0000 hourly 1 By: Deron Wagner https://morpheustrading.com/blog/3-reasons-sell-short-qqq-nasdaq-etf/#comment-2636 Tue, 29 Apr 2014 13:57:41 +0000 http://www.morpheustrading.com/blog/?p=3909#comment-2636 In reply to Mike Lamothe.

Hi Mike,

When looking at divergence, we typically use a relative strength line (not RSI) that is plotted to compare any stock or index to the S&P 500. With the way we have chart configured, there was definitely bearish divergence, which confirms the other 3 reasons I think the Nasdaq is heading a bit lower.

Thanks for your comments,

Deron

]]> By: Mike Lamothe https://morpheustrading.com/blog/3-reasons-sell-short-qqq-nasdaq-etf/#comment-2632 Mon, 28 Apr 2014 20:50:15 +0000 http://www.morpheustrading.com/blog/?p=3909#comment-2632 I am new to your service but have a lot of experience with technical analysis. Do you guys look at positive and negative divergences? The NASDAQ had negative(bearish) divergences on the daily and weekly charts, before the selloff.

]]> By: Monday April 28th; FOMC week - Page 2 https://morpheustrading.com/blog/3-reasons-sell-short-qqq-nasdaq-etf/#comment-2631 Mon, 28 Apr 2014 18:57:46 +0000 http://www.morpheustrading.com/blog/?p=3909#comment-2631 […] Those of us trading QQQ may be interested in this freeby from Deron Wagner of Morpheus Trading Group 3 Reasons Why Now Is The Time To Sell Short $QQQ (Nasdaq 100 ETF) […]

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