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Old 21 Feb 2024 gap filled. Looking like an exhausting move but in reality, it may be an escalating war news event. Chart: :eek:

Yes, I got caught in this. :embarrest: :sick:

Some of the fear is from escalation in the Middle East and speculation on oil prices going up as the conflict goes into oil production areas. To bad the Strategic Oil Reserves are 2/3s down from...

Is this drop enough. Chart: :worried:

Looking a little scary here. I was expecting a little more dip buying to support a double bottom. Here you go is the drop enough? :worried:

Ok back to reality. Put back the Longterm and showing how bad the Midterm is looking: :embarrest:

Ok, somebody buy the dip now and fill the gaps for me. :cheesy:

Since the real news has kicked my butt, I am manipulating my Longterm channel (Purple) for a news overreaction. Otherwise, I am admitting we broke out of the Longer term (Black) channel. :cheesy:

My dream lines (Longterm). Pre-chart: :blink:

I am losing the tug-a-war between the push for lowering interest rates for the election and the real news on inflation. I am sticking here because the bad news has already done its damage. I think:...

So far, the news is proving me wrong. I hope this is an overreaction to the CPI news and the dip will be bought at least halfway: :embarrest:

I'm OK :cool:

Trying to stay Midterm Neutral: :blink:

Fascinating :smile:

Becoming a little weaker than expected. Playing with Midterm Neutral: :cheesy:

I am not showing gap because of previous topping tail. Testing for light support. Chart:

Yes, I think the market over reacted. The Longterm held. Chart: :cool:

I am at the eye doctors so no chart this morning

Yes the second FED guy didn't get the talking points memo like Powell gets. So he said the truth that there isn't going to be rate cuts. I had to 180 my Midterm because of the reaction to the news....

I like dealing with the more relaxed Midterm.

Spark Gap is a gap in both directions. Tested slight support from above. I can't remember how a spark Gap is handled in this direction, but I think it's a fill later thing. Chart: :cool:

Ok something was just said right

Wonder what they'll have Powell say today. :suspicious:

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: :cheesy:

What you think?

Can we go up as fast as we went down? Testing a light support line. Maybe it will hold. Chart: :blink:

If you know let me know what the news was. :suspicious: