My 50 Day tested as resistance and back below 100 Day. Possible bear flag.
I was thinking of bailing back to the G yesterday but missed the cut off. Futures looking to bounce right off the support lines. 50/50 is about right B.
Good 'ol summertime volatility. That midterm line needs to be blasted through.
My 50 Day tested as resistance and back below 100 Day. Possible bear flag.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Was looking like we may keep above the bottom of the Longterm channel but we closed confirming both the 50 and 100 days as resistance.
If the Higher Low line and N 0 line don't hold the pattern can confirm with potential to N 2. Just my worst case guess. N 1 is near gap fill: Good G 20 news needed.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Definitely a quick retest of my 50 Day. This was kind of unexpected for me. Still within the parameters of a Bear Flag. Wonder what the news was?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Don't know why it happened but definitely a change in outlook. Short term channel?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Looks like I will miss this train. It might be near the last station any way.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Wow...my typing sucked yesterday! Anyway, got the good news from G20 on China today. Trump is holding off on new tariffs and lifting restrictions on selling to Huawei while he also says China will buy lots of our farm goods...hopefully China issues a similar statement. I hope the markets respond as if this is a pleasant surprise and not as if it has already been priced in.
On a side note, I never got my email confirming my TSP interfund transfer. I just logged on and made sure it went through (it did) but still no email. First time for that tsp snafu for me...
Have a great weekend everyone!!!
That indeed is good news; I had been wondering about the recent, dramatic jumps in SOXL the past 10 days (we're talking several, 10%+ daily moves), so I conclude now that this had been in the works...wish I knew. Expecting 2% in equities next week, especially if jobs report meets expectations. Go Donald. Let it rain $.
Yup, gaps, I hate gaps. Still in 5 % each C S I
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