Thread: Bquat's Account Talk

So I think I'll do commentary first. This has been a good run up from BREXIT but since it was just a news event I drew my midterm orange channels ignoring the dip. Then again the BREXIT dip created the head for an inverse H&S so the blue-green lines are projected gains. The S&P 500 has both the inverse H&S projected gain in blue-green and the consolidation yellow box projection. Now the question for tomorrow is: Since stocks are embedded (yellow stochastics box) to the bullish side will stocks continue up or will profit be taken from all the gains after the dip?

Charts of the funds:

How much longer can transports stay embedded to the up side and VIX to the down side:

Bq. I enjoy your charts and comments. Even tho I'm still learning, thanks for sharing.

So here's a possible theory: Watching, Ciovacco Capital Management - Independent Money Manager Atlanta, CCM Atlanta, Independent Asset Manager Atlanta, Financial Advisor Atlanta, Financial Planner Atlanta, Wealth Manager Atlanta, Investment Manager Atlanta, Asset Management Atlanta, Money videos, I was thinking what he said about the Fed making the top into a bottom might be happening. I was not expecting such a run up after BREXIT but it happened. So was there such a big buy up to reverse the breakout of the bottom of the yellow rectangle? Was it also meant to cause a breakout of the 21 month consolidation blue-green rectangle? Well maybe price matters. If the market can reach my projected move of the yellow line there is a 60/40 chance of the breakout of the blue-green rectangle being confirmed and a possible 12% gain from 2130: That was a Birchtreeism and maybe what the FED is trying to create. Just my two cents and a dream at that. Don't hold me to it unless it happens.

Back to real world for Monday:

So, are my stochastics (bottom yellow rectangle) showing that we're going to dip? I don't know why it moved so much today with so little movement in price. Did I have a glitch?

Same for transports Did they fall out of the bull flag:

Here's one I haven't done for a while. Has the DOW met it's projected gains?

I guess Monday we'll see if the weakness I saw is true:

Originally Posted by Bquat

I guess Monday we'll see if the weakness I saw is true:

No gap fill yet: