Bquat's Account Talk

[Bquat]

Yesterday had me a little concerned. Another pop and drop closing at the low but green for the day. Still staying in the price range. I'm at breakfast now and will do a chart soon.

 

[tom4jean]

Yesterday had me a little concerned. Another pop and drop closing at the low but green for the day. Still staying in the price range. I'm at breakfast now and will do a chart soon.

I agree, it made me concerned too, that's why I jumped out before noon, just one of those feelings. Ira Epstein said after that slip came out about the China deal being over that, the cat was out of the bag. My feeling is because of the coming election it's like the Dutch boy putting his finger in the dam. Trying to mitigate the damage that's inevitable. Hope I'm wrong, but I was wanting to protect my gaines.
Full disclosure; I have a fairly low tolerance for risk. The market may do exactly the opposite of what I think, happens to me all the time...

Sent from my Pixel 2 XL using Tapatalk

 

[Bquat]

TEST DAY Today we are finally at a big test point. Testing bottom of the price range (Midterm), testing the bottom of the Longterm and testing the 20 EMA. What more can you want, so I zoomed in to watch. Looking bad so far::worried:

 

[LTJPFED]

Keep us posted!

 

[Bquat]

Flat top big drop. I am going 100 G find:

 

[Bquat]

I know with a redraw this could be a bigger Bull Flag but I need a break and I think worse Covid-19 news is expected in the next two weeks.:suspicious:

 

[Bquat]

Midterm could be a continuation pattern but I'm thinking it's a breakout from the Longterm and my be a bottom feeding fish. I have been wrong before but it will be nice to take a little one week break at least:

 

[Bquat]

No Spidey Sense but what do you think about my little exit?

 

[Bquat]

This is what is starting to bug me. All the news are saying the increase in outbreaks is because openings. There has been openings for over a month and now the spike. Monday was two weeks from the protests with thousand of people and now the big spikes. They will never associate it.​

 

[Bquat]

So far today the 20 EMA has acted as resistance while being tested from below even with total unemployment dropping. We are also below the possible consolidation pattern. Enjoying my break. Here's my exit:

 

[ravensfan]

This is what is starting to bug me. All the news are saying the increase in outbreaks is because openings. There has been openings for over a month and now the spike. Monday was two weeks from the protests with thousand of people and now the big spikes. They will never associate it.​

Didn't you get the memo? The protestors are immune from the Corona Virus because they are exercising their first amendment rights.:bs2:

 

[Whipsaw]

Didn't you get the memo? The protestors are immune from the Corona Virus because they are exercising their first amendment rights.:bs2:

Don't get me started!

 

[Bquat]

Showing the old Gap Price Range, the market is trying to find direction after dropping below it. There still seems to be a support level at recent bottoms. Still enjoying my break so have fun.:smile:

 

[Bquat]

Showing the old Gap Price Range, the market is trying to find direction after dropping below it. There still seems to be a support level at recent bottoms. Still enjoying my break so have fun.:smile:

Staying within my preestablished perimeters:

 

[Bquat]

Is a rounded bottom

(cup and handle?)​

forming in the VIX::worried:

 

[Buffalo_Nickle]

Very nice as usual, I just wish I could interpret these excellent charting descriptions better. My Bad

 

[Bquat]

Staying within my preestablished perimeters:

20 EMA acting as resistance level:

 

[Bquat]

20 EMA acting as resistance level:

So much for that. It seems the market is in a price level again but still swaying a lot with news. Only day traders can deal with this. So I draw my lines seeing my pre-news exit is not much of a factor either. I don't see a good reason for entry either except the fact of the 50 EMA may soon be crossing the 100 EMA.:suspicious: Will that change things. I don't know.

 

[Bquat]

20 EMA acting as resistance level:

I was looking at one of DBA's charts and noticed that the 13 EMA looked more relevant:

 

[Whipsaw]

Take a look at the weekly chart, MACD divergence looks to have peaked and declining. Slow Stoch is also above fast, and declining at ~ 60, maybe the market heads south for a week or two (or more)? My understanding is weekly trumps daily, fwiw.