Very!:suspicious:
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Very!:suspicious:
Holy S-Fund, Batman!
https://www.tsptalk.com/images/mb/2020/091420e.gif
I’d take 3% and sell. Lol. But silly me stayed home in G.
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The C, S, and I funds in various states of consolidation / breakout this morning...
https://www.tsptalk.com/images/mb/2020/091520b.gif
Not the best looking chart formation for the NasdaqQ 100, but as long as that 50-day EMA holds, it;s the bull's ball.
https://www.tsptalk.com/images/mb/2020/091620a.gif
"Stealth gap" filled (red), 50-day EMA trying to hold...
Bear flag forming, so that's the battle - bear flag vs. 50-day EMA.
https://www.tsptalk.com/images/mb/2020/091720b.gif
More: https://www.tsptalk.com/mb/blogs/tsp...e-profits.html
The Transports are now positive and on pace for another new all time closing high if it holds. :eek:
https://www.tsptalk.com/images/mb/2020/091720c.gif
Great observation. While some are saying to buy more tech on the dip, it's pretty clear where money is going.
Besides the most obvious, here are some red flags this morning...
https://www.tsptalk.com/images/mb/2020/092120a.gif
https://www.tsptalk.com/images/mb/2020/092120b.gif
https://www.tsptalk.com/images/mb/2020/092120c.gif
https://www.tsptalk.com/images/mb/2020/092120d.gif
I was betting against all of that :laugh: How many times has this market done the opposite of what we might expect this year? So, now I suppose I'll wait for an oversold bounce, assuming there's one around the corner.
The breakdown was certainly a good possibility with those bear flags, but I too was hanging onto some technical support (aka, hope) that the 50-day EMAs and support lines would hold.
I think I'll stick this one out, contrary to my better sense. Damn the torpedoes!:1244: