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MAY the force be with us and for all those Mandalorian's Cinco De Mayo. :D

Well, I don't know why the S Fund just stayed the same level all afternoon while the other funds drifted towards their highs. Anyway, I masked the top of the green candle to make my channel look...

Back to my Midterm since the sideways consolidation is done. Chart: :cool:

We had a breakout of the consolidation with a potential of P1 and a gap fill. I am concerned with the half selloff already. Chart: :smile:

I made the sideways consolidation box higher because of today's action. Chart: :cool:

Sorry I have been at appointments in the morning the last couple of days.

I am still here licking my wounds. Yesterday was good news followed by bad news making topping tail in about an hour. I like how today filled its own gap and near it's high back above resistance. My...

Ok what just happened :blink:

Top of my Midterm Channel looks to be right. We just got over good resistance. Chart: :cool:

Starting to redraw things for May, with maybe a weaker economy. Well with the new Lonterm, maybe a less chance of gap fill. Leaving Midterm the same for now. Thinking the correction is already in, I...

Well, not exactly the blastoff I was expecting, and I was hoping at least a little higher today. I put a flat line so we could watch the flat 50 SMA. Chart: :cool:

Main Engines are lit but Houston has not confirmed liftoff. The resistance above seems to be strong. So slow and steady. Just playing with NASA and feeling some strength. Chart: :blink:

Wait! GDP down? Isn't the good news for Powell's talking points? Shouldn't this be good news on the TUG side of the Tug-A=War? Well, I redrew my Midterm anyway: :cheesy:

Some profit taking but still within the norms. Chart: :cool:

Looking better. I was thinking my 100 SMA was the Dead Cat Bounce line, and we are above that. I didn't show the small gap up because of yesterday's top tail. Chart: :cool:

So, in review why we lost the tug-a-war between Election talking points and real life:

1. Ex FED chairwoman Yellen tried to push that Inflation is transitory and then that it was coming down ...

Not much strength yet. Chart: :blink:

I think we're close enough to the bottom and to me I had a complete Longerterm loss. Longerterm Chart: :o

Well last night was scary. Things calmed down with the news reporting it's a limited strike. I am showing an Inverted F pattern which is bearish until it breaks. Chart: :blink:

I am out for breakfast. Things are looking much better than the over one percent drop last night. Maybe the limited strike by Isreal might be believed.

I did NASA my gaps I hope he doesn't mind I need the help. Testing light resistance. Hopefully a bullish change. Chart: :cool:

Me too can I NASA my gaps :cool:

No bottom Doji is good. Possible change in trend. Well, that's what I am hoping. Plus, it filled its own gap. Chart: :cool:

Did we bottoming? Chart: :blink:

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