Bquat's Account Talk

Haven't do a chart on oil for a month I guess. Here's the skinny. Looking at the top of the orange channel and the bottom of the white channel we must decide next week if this is a rising wedge or new more bullish channel. Also a thing to consider is the Jan peak line. This level takes pressure off lenders in the oil industry and also shows a slight profit margin.100 day may be turning up as well. USO:
 

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The Funds for June:
 

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How about USO? Is it going to decline? Watch the 18 day:
 

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Stocks have one day to re-embed but it's 60/40 they won't:
 

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So looing at SPX going from a False Break Out of the bottom of the yellow box to a False Break Out of the top of the orange box, will we see support on the top of the yellow box or higher low line?
 

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So looing at SPX going from a False Break Out of the bottom of the yellow box to a False Break Out of the top of the orange box, will we see support on the top of the yellow box or higher low line?

Looks like we're back into the center of the yellow box, blowing through support; is that now at the bottom of the box or where the 100 day meets the long term support line?
 
The charts:
 

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I would exercise caution at this point as to buying the brexit dip especially so if the market goes green before Today's close. Likely scenario: PPP will step in today, circuit breakers and limits kick in... but Maw and Paw investor will be dropping Sell orders all weekend like B-52's over Okinawa -- that wont hit until Monday.

That's when you'll hear the earth-shattering KA-BONNNG!
 
That sounds right FAB. Today will likely be a big down followed up with further selling on Monday. I don't plan to get back in until Tuesday at the earliest (at this moment). This morning I'm thinking we'll see SPX 1700 before we see 2135. Be careful out there.

FS
 
That sounds right FAB. Today will likely be a big down followed up with further selling on Monday. I don't plan to get back in until Tuesday at the earliest (at this moment). This morning I'm thinking we'll see SPX 1700 before we see 2135. Be careful out there.

FS

S&P won't drop to 1700 IMO.
 
That sounds right FAB. Today will likely be a big down followed up with further selling on Monday. I don't plan to get back in until Tuesday at the earliest (at this moment). This morning I'm thinking we'll see SPX 1700 before we see 2135. Be careful out there.

FS

1700 would be nice - I am thinking triple-bottom around SPX 1825, but it could go lower.
Hope I a lot of investors run to Bonds as it goes down to fatten my F fund trade!!
 
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