Little redraw of Midterm channel, Bad news is that we broke below the 50 Day. Testing left shoulder level as support. P1 is where the right shoulder should complete. P2 is 100 Day test and P3 is projected H&S loss. The slow drop of the right shoulder shows P1 and P2 both have good chances of holding unless selling picks up:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Last edited by Bquat; 03-23-2021 at 04:09 PM.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Sorry it took me a while to clean the chart up so you can see it better.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
No move for me today. I have an appointment to go to. The S fund didn't even make it to the Dead Cat Bounce line. At least my last entry line is acting as support, so far. Chart:
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.
It looks like we have filled a few gaps. Hopefully a bounce tomorrow?
May the force be with us.
The bad and the ugly. We can forget my symmetrical triangle which is a continuation pattern (uptrend). We are over sold but can embed to the downside today. My 18 Day has crossed my 50 Day. We are close enough to the -10 percent correction but the buying after today's drop was rejected:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
As always these are only my opinions and guesses but feel free to comment even if you disagree because your idea my be right.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Possible Descending Triangle or triple bottom:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Redrawing for the Longterm I came up with this. I think the correction is done and we are above the Dead Cat Bounce area. On the Freestockcharts.com (which I can't show) I have us unembedded and above the Midterm channel. Yes we are below my 18 and 50 Days but because of yesterdays dip buying and unembedding I am bullish. Going 100 S today. Just my guessing:
Last edited by Bquat; 03-26-2021 at 10:13 AM.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks