Be careful in the second half of the third month in the quarter, re-balancing, window dressing, etc.
Definitely a good time to lock in gains. I went against my own strategy this month by getting back in mid month (strategy was to lock in the 2 to 3% gain each month and wait to the end of the month to get back in). I really like being in at the beginning of the month and using that first IFT to get out/reduce, leaving the second IFT to get back in. Still developing that strategy and your charts are super helpful! Thanks for all you do and best of luck!
Be careful in the second half of the third month in the quarter, re-balancing, window dressing, etc.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Since I'm out I'm still working on my May chart. Made Midterm channel longterm and since the "V" may be completing I made the right side the Midterm Channel. P3 is the last topping tail. Showing indecision in the little red circle (topping Doji?) Sitting back relaxing:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
How can I view your attached images?
My exit is looking better. We are still embedded but another negative day tomorrow could un-embed. Some weakness today but looks like it may have found support. Out of the channel but could be a bull flag forming:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Post Presidential speech pop reversed quickly. We are not un-embedded yet but very close to it:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
It's a long way to the close...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
NAAIM came out more bullish today. perhaps the rest before the breakout up?
The Midterm channel is temporary. I have it drawn to show me the level of drop to see if the drop rate is increasing or continuing at the same rate. I think this is more than a bull flag now.
60/40 Longterm Channel bottom (18) holds
50/50 50 Day holds
40/60 5 percent correction holds
These percent chances can change with momentum increasing:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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