The breakout potential is certainly there, though so is a reset. I do see a bit of an inverted head and shoulders on the DJIA from Jul 15 - 21 so things could get interesting. I'm not up for the risk this time.
100% G at close today.
Yes sideways consolidation is good but flat tops can have a big drop. Consolidating sideways past the channel makes this more like a flat top. The coin is in the air since we are in an over sold condition but we can embed to the down side in a couple of days. Watching the box for direction:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
The breakout potential is certainly there, though so is a reset. I do see a bit of an inverted head and shoulders on the DJIA from Jul 15 - 21 so things could get interesting. I'm not up for the risk this time.
100% G at close today.
Third test of a topping line, right at cutoff time, doesn't give much of a chance for us to make a play. Wish we had more flexibility....
August Charts:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Thanks! I wish I had messed with the I fund chart before I moved yesterday. That gives me a higher concern for our overall economic health. I may have waited longer. I’ll see where this ride takes me but am hoping the positioning move gives me a chance to get back out with a profit before the c fund gap gets filled.
Good luck with that. First gap filled. I may have to redo my Midterm Channels:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Lol...trump killed my July profit in one day. Have to ride it to see where this thing goes
There are a few potential gaps to fill imo. All the way to 2750. Summertime volatility playing as well as Trumps tariff threats.
My Midterm channel is shot so I will have to figure out a new one. The Long term one looks about right for a news caused correction:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
They need to make the "like this post" to one like Facebook where you can put like, sad, or laughing. Don't know if I would cry or laugh with that action, just glad I'm on the sidelines.
Expected FERS Retirement; December 2028
Thru-hike the Appalachian trail spring 2029
Here's a little bit longer term temporary charts while I play with the Midterm. Showing some possible correction levels:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Second gap was gaped over. Will 5 % drop be a big enough correction? Playing with a Inverse Head and Shoulders at this level:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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