Yeah! Don't the dip-buyers' know that this is a bad week for the market!??
I am surprised by the dip buy so I added a Higher Lows tips line. No move for me:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Yeah! Don't the dip-buyers' know that this is a bad week for the market!??
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!
The dip buy even better than thought. This Hammer pattern negates the two day down trend showing that the bulls consider my higher lows line (thin black line) as a bottom. I have us back in the F flag and the bulls deeply show me that I am wrong about today's breakdown. So I have nothing to say for myself and did not see this coming. Back to just sitting back and just watching at this level:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
No move for me today as I am still in watch mode as we are near top of the rectangle. Longterm top seems to be holding but we could test the top of the rectangle today:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Bquat, may I ask what DBA's rectangle is? Are those the top and bottom trendlines? Also I've been wondering why there appears to be greater focus on the C fund rather than the S fund. Is it because it has been more profitable in the last year? Thank you.
- Jules
I don't know why C fund is outperforming S fund but I know that if selling comes it may outperform in the other direction. I have this as DBA's Rectangle because she had it a several months ago to show the sideways consolidation pattern in the S fund. It looked like it was going to breakout to the upside but that ended up to be a false breakout. I haven't been entering because we are right there again and I am 60/40 that it won't breakout. Just my guess:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
So is this a breakout? We'll see. Chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I actually meant focusing on S more than C... so sorry for the confusion (I noticed more discussions/charts related to S fund than C fund after I joined this year). And by the way, thank you so much for your posts Bquat! It's so helpful to read your thought process and understand how to utilize charts for better probability trades.
I noticed that too. It might be that in years when stocks have been up, the S fund has usually been up more than the C. Also, the swings seem to be bigger in S, and the members on this site spend alot of time trying to identify and catch those upward pops and avoid the drops. DreamboatAnnie's (DBA) charts cover all of the funds but Bquats have different detail and explanation. They do such a great job it makes learning easier.
Let's just see what happens:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Working with longterm channel. Tested top of rectangle as resistance from below:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
No move for me just watching:
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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