Re: Bquat's Account Talk
I guess the good news is that around 3:30 we spiked up instead of down.
And the proverbial conundrum......what will tomorrow bring.
Full rollercoaster outfit deployed.
May the force be with us.
Re: Bquat's Account Talk
I am happy. Buying into the close instead of selling into it. So if we continue up it will be a breakout and if we go down I will bring the consolidation box up to include the topping tail on the left. But today's action showed strength instead of weakness. Chart:
Don't bias your charts.Show support and resistance. My comments and charts are not trading recommendations.
Re: Bquat's Account Talk
Breakout confirmed with follow through today. Was the short sideways consolidation enough to breakout above my Longterm? Looking better than I thought:
Don't bias your charts.
Re: Bquat's Account Talk
Looking like a F Flag which is bullish until it isn't. Chart:
Don't bias your charts.
Re: Bquat's Account Talk
got my fingers crossed too. but, you are right - the market does, what the market does.
Re: Bquat's Account Talk
OK, that didn't last long. Probably the market realizing the rate cutting is probably a political lie. Inflation was up. Let the dip buying begin. Chart:
Don't bias your charts.
Re: Bquat's Account Talk
If you know let me know what the news was.
Don't bias your charts.
Re: Bquat's Account Talk
Well at least the gap has to be filled by green candles.
May the force be with us.
Re: Bquat's Account Talk
It was a scheduled shake out.
I'd say the JOLTS report had something to do with it but the decline came before that was released.
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Re: Bquat's Account Talk
Can we go up as fast as we went down? Testing a light support line. Maybe it will hold. Chart:
Don't bias your charts.
Re: Bquat's Account Talk
Maybe I am watching too short of time frame. So, I relaxed back the Midterm to a longer time frame if the higher low holds. April Chart:
What you think?
Don't bias your charts.
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