I've been unable to watch the markets due to my new position at work, should I use my last IFT tomorrow to enter the markets?
Well did the bull flag convert into a F flag which may be failing? Don't you guys think that we fell back into the patterns? I could change the over trace line to pink. I'm still seeing weakness here and we still have a pattern of lower highs. 13 day acted as support and we're below it again. So here you go, the chart: I hope for better direction tomorrow so I can see if I use a last IFT for May. So far I'm not. Do the charts help you? Am I too negatively biased. Only you and the market knows.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I've been unable to watch the markets due to my new position at work, should I use my last IFT tomorrow to enter the markets?
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
Sorry guys, I was at the hospital with the wife today. She had an operation and is doing fine. Well the markets dropped a day early. I kind of expected it to get to the end of the triangle. Well maybe 1% more down. I'm giving the 50.0 fib a 60/40 chance of holding. I am so supprized AGG didn't confirm the move (bottom of page). Here's the chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Sorry to hear that your wife is in the hospital. Glad to hear she is doing OK.
May the force be with us.
Hope your wife is on the mend and is back home now or will be soon.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
On a markets note...this 1630 acting as a ceiling is very worrisome.
Markets didn't dip as much as I expected. We need to stay above the light blue line and break above the red resistance line and the 20 day. I think we may be in a bull flag. Many are not trusting this bounce. That's why the above statement.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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