Bquat's Account Talk

[Bquat]

Guess I'll just drop a chart in:

 

[Bquat]

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!

Yeah it looks like VIX is over sold and may go up:

 

[Bquat]

Going to see doctor about sprained thumb may do charts later after news settles.

 

[Bquat]

Is the damage done? I don't know. Just before the 1st I will maybe do a redraw of the long and short term after the news reaction calms down. Here's what they look like currently:

 

[Bquat]

Transports took the news badly:

 

[Bquat]

The Brexit Effect on the Midterm consolidation. Holy crap Batman how far can it go? A breakout from a consolidation period can be big in the direction it breaks out. So my guess where support may be found is::worried:

 

[Bquat]

I do see some weak support about 1% down from here but wanted to give you a heads up about how bad it can get.

 

[Mcqlives]

I do see some weak support about 1% down from here but wanted to give you a heads up about how bad it can get.

I have had 1996 as a floor point for months now...I almost bit on it this morning but the risk is too high for my blood. I'm waiting for the dust to settle.

 

[BooDog]

I have 1775 on the $SPX by the time it's all over. Welcome back to the bear market. That's if anyone really believed we weren't really in it. Okay, that's all the naysaying I can do. Looking for bounces for sure but I don't feel like catching the falling chainsaw this time.

 

[Bquat]

I do see some weak support about 1% down from here but wanted to give you a heads up about how bad it can get.

Afternoon action was a surprise to me. Looks like many have decided to be in a wait and see mode at the 38.2 Fibonacci retrace level::blink:

 

[FAB1]

I have 1775 on the $SPX by the time it's all over. Welcome back to the bear market. That's if anyone really believed we weren't really in it. Okay, that's all the naysaying I can do. Looking for bounces for sure but I don't feel like catching the falling chainsaw this time.

Weak rally today looking totally like a Bear trap and the F fund seemed to have early on smelled it out.

 

[Bquat]

Today's action looks better than a Dead Cat Bounce and now I wonder it there was over reaction to the Brexit or did the Plunge Protection Team buy like hell today to make this look like a bullish jab::suspicious:

 

[Whipsaw]

Asia and US futures are up big. Maybe a v-bottom? Or, something's fishy...

 

[Bquat]

This is un-real. Some are even saying if we don't break down early tomorrow this can form a "V" bottom. Like I was expecting a big drop (orange vertical line) on Brexit and now it may be null and void into a pop. I think the market was manipulated.:suspicious: What's up? We're already at 61.8 Fib Ret:

 

[Bquat]

This is un-real. Some are even saying if we don't break down early tomorrow this can form a "V" bottom. Like I was expecting a big drop (orange vertical line) on Brexit and now it may be null and void into a pop. I think the market was manipulated.:suspicious: What's up? We're already at 61.8 Fib Ret:

Did the Plunge Protection Team do some big buying at the exact right time or something made everything go 180 from post Brexit.:suspicious: Is this a "V" bottom? July 1:

 

[Bquat]

There you go. What you know?

 

[Bquat]

So, since BREXIT became a moot point and we're in the second half of the year, I redid the longterm post Dec_Jan correction. Hopefully this makes the longterm more relevant:

 

[Bquat]

With both stocks and the F Fund going up was money coming in from overseas? Also I noticed both AGG and the VIX-CBOE had a lot of gaps showing something false may be happening. Or am I just paranoid::suspicious:

 

[Bquat]

The redraw on transports looks good post correction:

 

[Bquat]

One more since I'm here. Haven't done the DOW in a couple of months. You tell me, is this a bull Flag or flat top market drop scenario?:blink: