Thread: Bquat's Account Talk

Spidey is not in effect until the "W" doesn't hold at second blue line:

Originally Posted by Bquat

Spidey is not in effect until the "W" doesn't hold at second blue line:

Here we are and let's see if "W" forms I am concerned that the downward trend is accelerating:

The crazy kangaroo action and those fairly large gaps makes me wonder what's instore for the rest of the month starting Monday next week.
I sure would like to catch one of those "melt-up's" for a few days if one happens, but I'm such a chicken sh_t.
Thanks again for all the great charting you do ! ! !

Hi Bquat! Just a quick drive by from me....earlier in the year I had the mid 3900s penciled in to watch on the SnP. Once that was decisively broke amd we ended with the lows in June, I made the decision to stay in g till further notice. The adage of not fighting the fed comes to mind. I see, at a minimum, a retest of the June lows coming. If the layoff rumors persist with some of the big boys then I don't see that holding and expect this crap to drag on into mid 2023 with some of my scratches showing around 2500 as a stop point (scary!).
Hope all are making money, staying healthy amd happy, and planning a good weekend!

Still waiting for September surprise Chart:

Yes support seems to be holding but with my Queen"s funeral being over the British will release the hounds on inflation concerns: JMO

Another free chart from my guess what's yours?

Little more weakness with close below good support:

Chart:

Originally Posted by Bquat

Spidey is not in effect until the "W" doesn't hold at second blue line:

Is this the start of my September surprise? The "W" pattern is not going to happen and Spidey sense is in effect with the market popping on the rate hike then dropping with the Fed saying inflation will be longer term:

Will my proposed Longterm channel hold?

Well, the market looked good until it wasn't.

Hmm, doesn't look good at all.