P 1 met and held as resistance:
Here's some guesses:
50/50 hold right here.
40/60 P 1.
30/70 P 2.
40/60 back above 50 day.
50/50 big dip buy on Monday.
Just guessing as usual.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
P 1 met and held as resistance:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Let's see if it confirms...
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P 1 and 50 dma are narrowing the band. Winding up for something.....
Ok...we had the windup and got a little breakout to the upside with the buyers afraid of missing out on profit out weighing the sellers afraid of trade war fears. Thos isn’t the rocket I hoped for but I will take it. Now, Is this breakout enough to head for the highs? Or maybe even 3000 on the SnP? I don’t know but am hoping for best! Happy trading!
Bquat...you got any charts of wisdom this morning my friend? Wise lines from Texas are always appreciated!
Thanks! Hope I'm wrong but I don't think the market is just looking to fill some gaps and head higher. I'm on the lily pad for a bit.
Was this close enough to the circle and could it break out:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Will weakness continue? Charts 9/06/18:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Look for good news next week to lift things...maybe. If there is bad news somewhere, just about anywhere, the markets will continue to pull back. Too many market "Gurus" have been looking for a pull back too long for them not to take advantage of the opportunity this presents to scare some of the weaker ones out, then gain a higher market share. When the markets climb again, though, people will have to hop on the train fast! Birch would be drooling right now!!! Just MHO. Happy weekend everyone!!!
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