100 DMA tested as resistance from below:
100 DMA tested as resistance from below:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
This can get bad. Spidey sense N2 me N1 or Orange. Spidey is concerned:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Other factors could be at play here, but I think the main catalyst was the reaction to Hoyer. The downturn occurred around 11:30am, very close to the time Hoyer contradicted Pelosi about the bill passing.
"House Majority Leader Steny Hoyer told reporters “nope” when asked if he was confident that the bipartisan infrastructure would pass if it was brought to the floor today." - CNN
Senator Manchin also isn't making things easy. What a nightmare.
It tried to come back and into green but end of day big drop brought us back to the low:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
roller_animated.jpg
I have Zofran and Compazine out on the counter.
May the force be with us.
ha ha ha ha. momma always said make sure you have enough to share. ;-)
Sorry guys I was out this morning. Well here I am trying to draw October charts and shortened thy longterm for a two IFT frame. I have been in G fund a long time but having truble still with this news based market. The market is bouncing exactly on N1 where I was wanting to enter but we are in October end of fiscal year and the House is in decision time. In a normal situation I would buy right now but I am dumb money and Spidey is again telling me to confirm the change in direction so he has a Dead Cat Bounce level for me. So the guess is again a personal choice. October 1 chart:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
100 DMA tested again as resistance. I may have had my DCB line too low:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Still no move for me today. Midterm channel is looking to be drawn correctly. Testing Higher Low tail line again:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Back in the channel:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Midterm channel still continuing. No move for me today.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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