I drew what I am seeing. Any more damage I will have to go back to the bigger dip or - 10.0 % or both. What do you think will be support?
Forget that. Midterm shot and now seeing long term under attack:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I drew what I am seeing. Any more damage I will have to go back to the bigger dip or - 10.0 % or both. What do you think will be support?
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Good size drop in futures and then a big swing up may be a bottoming tail that you won't see in the chart. Back above my 200 Day but could be just a Dead Cat Bounce. Yellow line can also be shoulders. Normally I would be a little bullish right now but there is always the news fear in the back of traders minds:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Think I mentioned 2750 on the SPY, the wick is there but not the full candle. I dipped my toe back in 10% C S I. Still have 1 move left for August.
Yes, there is a lot of fear mongering out there and we could very easily see another massive drop.
Or we go back up into a new normal of summertime volatility.
The worst risk of all is being unwilling to take a risk. Bo Short said something like that.
BQ - a dead cat bounce??
It's when there is a sell off and the dip may be bought by dumb money and stocks tumble again the following day. The buying must be enough to get above support. Hopefully it gets high enough to go for gap fill. I will look at it later today.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Today looked better than expected. 200 Day tested as support and close near the high. Yet I was hoping move B would equal the move A after such a rapid drop. Still hasn't tested the resistance at the DCB where it might deflect back down or pop the gap. I am not an expert but trying to be a better guesser this year. At least this is a higher low so far:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
DCB confirmed yet right shoulder is holding up also. I am still in watch mode. A is not equal to B:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
"Normally I would be a little bullish right now but there is always the news fear in the back of traders minds:"
I guess I was wrong and I may have missed the train. Playing with a possible midterm channel:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Gap filled:
Last edited by Bquat; 08-12-2019 at 09:52 AM.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Did not get support where it should have been. Watching the bottom of the new channel I am trying for midterm:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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