Thread: Bquat's Account Talk

Originally Posted by Bquat

Ok, what just happened?

https://www.marketwatch.com/story/do...08-11?mod=bnbh

S Fund closes at secession low as no deal on stimulus made yet. Is it on support at top of the little gap. Zoomed in for you:

Yes I be still missing gains. Gap is almost filled. Added a short term bottom line for the Midterm channel:

What happens after the gap gets filled (looking at stockcharts.com looks like it may have just been filled?)? Still an unfilled gap below, but would meet resistance with the EMA13 line first?

Originally Posted by flalaw97

What happens after the gap gets filled (looking at stockcharts.com looks like it may have just been filled?)? Still an unfilled gap below, but would meet resistance with the EMA13 line first?

This could be close enough for the market to consider it gap fill. Previously in the market it was said gaps will always be filled and they acted as magnets when the trend was toward them. Lately that hasn't been the case. They get filled when they get filled. Sometimes they are considered a stopping point since they got filled. This could be the case today. A topping tail and not reaching the top of the midterm channel could change direction. I don't think this was news based which could be scarier. Watch the bottom orange line to see if I'm right. I have been wrong lately expecting weakness but good news keeps coming at the right time: (That's what I say so I don't have to admit that I was wrong.)

Either way, your charts are great! Thanks for all of the information. I think the upward trend is starting to level off but with the VIX still down low and the channel still intact, I am hoping it can continue cruising up. There are some powerful forces that don't want to see it turn South before November... I will say that the afternoon fade is a recurring theme lately.

Last market gap is filled but will we ever see the weakness I was expecting:

Originally Posted by Bquat

Last market gap is filled but will we ever see the weakness I was expecting:

Maybe maybe not:

Originally Posted by Bquat

Last market gap is filled but will we ever see the weakness I was expecting:

Maybe it's here. Topping tail and maybe Midterm break:

I think you were feeling it a week early. I moved 75% of my S out yesterday and may retreat to G if the top has been reached and we are headed down into September. Thanks again for the charting!

I bailed to G yesterday .


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