Hoping you can start drawing a new upward channel as election news subsides...
Possible F Flag forming which is bullish until it isn't. May enter when the orange higher low line is tested:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I think in a weeks time you will be drawing an upward channel parallel to the previous longterm channel. NAAIM went up 15%, interest rates are low and expected to remain low, 2K stimulus (other $1400) is on the horizon, VIX is low. Here's hoping.
I normally look for flags and other technical stock patterns to adjust my moves during a 13 to 20 day pattern but lately I have been in G Fund because of news having more of an effect on the market than patterns or trends. I have always been worried about gaps being filled and it has held me back too much lately. Buy and hold has helped a lot of people last year which isn't normal in my opinion. I haven't been right for a few months now. That's why I only got 12 percent.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Still no move for me today. Possible F Flag:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Boy... your F-flag got very steep suddenly.
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