Thread: Bquat's Account Talk

Originally Posted by Bquat

Spidey Sense: I am going 50S/50G locking in half my gains before there is even a slightly hint of Covid-19 cases increasing because of protesters bring back the virus to their families. Also a 50/50 chance of another topping tail today creating a sense of a double top. Just a feeling: ​

June 8th maybe I should of taken more out. Will look at chart after breakfast to mark a possible bottom.

Here's the first line of support being tested. The next line of support should be the bottom of the Longterm channel or the 200 EMA:

It may be a good thing waiting for the moving averages to catch up and the 200 EMA is around 10% down.

Whoa...what was the news or event? The Fed or unemployment and Covid fever. Probably all the above...did you figure out a possible bottom scenario.
EJJ

Originally Posted by shitepoke

Whoa...what was the news or event? The Fed or unemployment and Covid fever. Probably all the above...did you figure out a possible bottom scenario.
EJJ

If we don't reenter the Midterm channel by end of day, I will delete it and go with the Longterm Channel:

Originally Posted by Bquat

If we don't reenter the Midterm channel by end of day, I will delete it and go with the Longterm Channel:

This is what I have with no Midterm channel. 100 EMA test would fill another gap:

What do you think? Wait for the green line maybe? 200 EMA can hold if this is an overeaction to the news.

Might just be a Dead Cat Bounce off over reaction to the news. Would be nice to build some strength before filling the gap:

Waiting for things to calm down so staying 50S 50G. VIX CBOE:

Found out I can do 3 EMA's. Drew in 200 EMA. Now we can see the slopes better:

200 EMA tested from above as support.