Bquat's Account Talk

[flalaw97]

Does the VIX chart look like the mirror image (along the danger line) of the DJCFD chart below?

 

[Bquat]

Possible F Flag forming. Moved gap pattern over so you can see the flag. Normally bullish until it breaks but don't know in election environment::notrust:

 

[Bquat]

Does the VIX chart look like the mirror image (along the danger line) of the DJCFD chart below?

I get what you're asking now. It's like an Inverted F Flag from that high which is bearish to the VIX until the channel breaks.

 

[Bquat]

Ok, what just happened?

 

[Bane]

https://www.marketwatch.com/story/d...ast-hour-of-tuesday-trade-2020-08-11?mod=bnbh

 

[Bane]

Ok, what just happened?

https://www.marketwatch.com/story/d...ast-hour-of-tuesday-trade-2020-08-11?mod=bnbh

 

[Bquat]

S Fund closes at secession low as no deal on stimulus made yet. Is it on support at top of the little gap. Zoomed in for you::blink:

 

[Bquat]

Yes I be still missing gains. Gap is almost filled. Added a short term bottom line for the Midterm channel:

 

[flalaw97]

What happens after the gap gets filled (looking at stockcharts.com looks like it may have just been filled?)? Still an unfilled gap below, but would meet resistance with the EMA13 line first?

 

[Bquat]

What happens after the gap gets filled (looking at stockcharts.com looks like it may have just been filled?)? Still an unfilled gap below, but would meet resistance with the EMA13 line first?

This could be close enough for the market to consider it gap fill. Previously in the market it was said gaps will always be filled and they acted as magnets when the trend was toward them. Lately that hasn't been the case. They get filled when they get filled. Sometimes they are considered a stopping point since they got filled. This could be the case today. A topping tail and not reaching the top of the midterm channel could change direction.:worried: I don't think this was news based which could be scarier. Watch the bottom orange line to see if I'm right. I have been wrong lately expecting weakness but good news keeps coming at the right time::cheesy: (That's what I say so I don't have to admit that I was wrong.):smile:

 

[flalaw97]

Either way, your charts are great! Thanks for all of the information. I think the upward trend is starting to level off but with the VIX still down low and the channel still intact, I am hoping it can continue cruising up. There are some powerful forces that don't want to see it turn South before November... I will say that the afternoon fade is a recurring theme lately.:1244:

 

[Bquat]

Last market gap is filled but will we ever see the weakness I was expecting:

 

[Bquat]

Last market gap is filled but will we ever see the weakness I was expecting:

Maybe maybe not:

 

[Bquat]

Last market gap is filled but will we ever see the weakness I was expecting:

Maybe it's here. Topping tail and maybe Midterm break::worried:

 

[flalaw97]

I think you were feeling it a week early. I moved 75% of my S out yesterday and may retreat to G if the top has been reached and we are headed down into September. Thanks again for the charting!

 

[ToddB]

I bailed to G yesterday .


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[genod]

Nice...I put half in G 2 days ago. This may be a dip off the high but I wonder how much higher we can go even with fed pumping and robinhood investors? But because of the fed, I may buy the dip with what I took out the other day. I'll see how things play out over the next few days.

I bailed to G yesterday .


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[Bquat]

Finally a breakout of the longterm channel but is it still within a larger Midterm at dotted line::suspicious:

 

[Bquat]

Kind of went from pop and drop to drop and pop. If today's bottom holds tomorrow I will redraw the Midterm channel (dotted Line) to line up with the bottom then parallel the top of the channel.

 

[flalaw97]

Bouncing off the 13 day EMA?