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Thread: Bquat's Account Talk

  1. #12313

    Join Date
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    Default Re: Bquat's Account Talk

    Quote Originally Posted by puttfordough View Post
    hello
    new to the site as of today
    like the chart analysis
    which line shows how high the DWCPF could go, looking at the most recent chart

    Welcome aboard, PFD! Glad you could join us.
    100% S

  2.  
  3. #12314

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by puttfordough View Post
    which line shows how high the DWCPF could go, looking at the most recent chart
    Welcome Puttfordough! I will let Bquat explain his charts in detail, but the lines don't act as predictors like that. As I understand it, they show trading "channels" that the S fund may be in. So the way Bquat has drawn the midterm channel (yellow) it is a downward trending channel indicating that if it stays in that channel, price will tend to go down, but the longterm channel (purple) is an upward trending channel showing movement upward over time.

  4.  
  5. #12315

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    Default Re: Bquat's Account Talk

    Today's action is better than I expected. It also can be news based because of the Covid relief bill passing the house. We are now unembedded and 60/40 bullish. It can only be ruined if the bill doesn't pass the Senate. The Midterm channel can now act as a bull flag. With continued good news we can double top around 2270 but more likely at the top of the Longterm purple line. I am remaining at 50S/50G until the stimulus decision is made and watching the 18 Day and red line.
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  6.  
  7. #12316

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by puttfordough View Post
    hello
    new to the site as of today
    like the chart analysis
    which line shows how high the DWCPF could go, looking at the most recent chart
    Top purple line 2240. I hope my latest post explains a little better. On the previous post I was expecting the Midterm channel to hold but the news reaction was too much for that and I don't know if it was an over reaction.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  8.  
  9. #12317

    Join Date
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    Cleveland, Ohio
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    10,688

    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    Today's action is better than I expected. It also can be news based because of the Covid relief bill passing the house. .
    Or maybe because we have a third Covid shot and we can look at getting back to what might be normal by the end of summer.
    May the force be with us.

  10.  
  11. #12318

    Join Date
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    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    Today's action is better than I expected. It also can be news based because of the Covid relief bill passing the house. We are now unembedded and 60/40 bullish. It can only be ruined if the bill doesn't pass the Senate. The Midterm channel can now act as a bull flag. With continued good news we can double top around 2270 but more likely at the top of the Longterm purple line. I am remaining at 50S/50G until the stimulus decision is made and watching the 18 Day and red line.
    18 Day and red line held as resistance and it does seem like there was an over reaction to the news. Shouldn't be enough selling to to be a problem but we're already testing support. No change for me still waiting on Senate vote. 50S/50G:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  12.  
  13. #12319

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    18 Day and red line held as resistance and it does seem like there was an over reaction to the news. Shouldn't be enough selling to to be a problem but we're already testing support. No change for me still waiting on Senate vote. 50S/50G:
    Maybe selling is a problem. If we re-embed after one day aren't we still embedded to the downside? Back into the Midterm channel just like that:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  15. #12320

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    Default Re: Bquat's Account Talk

    The bad news is we confirmed that we're re-embedded to the downside. The good news is that we filled the gap and tested the bottom of the Longterm channel as support:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  16.  
  17. #12321

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    Default Re: Bquat's Account Talk

    I decided that I should redraw the Midterm from the top to include the last green candle:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.


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  19. #12322

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    Default Re: Bquat's Account Talk

    It's been awhile since I have seen a one percent drop in futures after a big drop during the day.I will look for where my 50 day is to see why the dip wasn't brought.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  20.  
  21. #12323

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    It's been awhile since I have seen a one percent drop in futures after a big drop during the day.I will look for where my 50 day is to see why the dip wasn't brought.
    Another gap is filled. We are still embedded to the downside and now below my 50 Day. At least we're getting a bottom tail that shows this dip is getting bought. The longterm channel has become mute both going up and going down so I think I might remove it. I am still waiting until after the Senate vote before changing my allocation:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  23. #12324

    Default Re: Bquat's Account Talk

    The Senate vote on stimulus?

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SPY (C Fund) (delayed)
Bquat's Account Talk
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DWCPF (S Fund) (delayed)
Bquat's Account Talk
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EFA (I Fund) (delayed)
Bquat's Account Talk
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Bquat's Account Talk
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