Bquat's Account Talk

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My understanding (rumor) at the moment is that US Intelligence is reporting or has discovered that Russia will Invade this Wednesday. That can't be good if it happens, and add that to the other 2 negatives (Options Expiration and the incoming March rate hike) and I just don't see much positive influence or news happening in the weeks ahead. I wish there was something, but I'm just not seeing it. Maybe more downside to around the 1840 level over the next week??? That's just a total gut feeling guess on my part. :eek5:
Fantastic chart as always Bquat !!

 

[Bquat]

Since the bottom didn't fall out this morning, let's just go with best case until it does: :blink:

 

[Bquat]

No move for me today. Chart: :blink:

 

[Bquat]

Testing my lower high for the dash channel. Will Russian news continue to be good: :suspicious:

 

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Would you consider these channels to be an overall bearish flaggish pattern??

 

[Bquat]

Would you consider these channels to be an overall bearish flaggish pattern??

Yes

 

[Bquat]

Testing my lower high for the dash channel. Will Russian news continue to be good: :suspicious:

Playing with my longterm until direction is decided and if yesterday was just a news reaction: :blink:

 

[Bquat]

Playing with my longterm until direction is decided and if yesterday was just a news reaction: :blink:

Looks like it was just a news reaction so far. Coin toss on which channel it will leave but I am 60/40 it will test the 18 DMA again: :worried:

 

[Bquat]

If you take a look at the action between the top purple line and the bottom orange line, this is coiling up for a bigger move tomorrow. I think the coin will come up 60/40 tails. :worried: JMO

 

[Bquat]

If you take a look at the action between the top purple line and the bottom orange line, this is coiling up for a bigger move tomorrow. I think the coin will come up 60/40 tails. :worried: JMO

Sorry it came yesterday. Today a test of the 18 DMA as resistance from below and held. This can't be good. At first it looked we might just hold today at my new channel bottom but we need some dip buying now: :worried:

 

[Bquat]

!8 DMA acting as resistance and below the Midterm channel's (Thin black line to Orange) new bottom is not good at all. At least light support line held but not real dip buying. 60/40 this could be the break downward. I don't know if this is Russia news baked in. I still in my opinion think inflation is more of a major problem and Russia news is being pushed to hide this:

 

[Bquat]

Should be glad the weekend is here and the news cycle is light for Friday.

 

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BLACK TUESDAY coming ......... :bigeyes: :bigeyes2:

:theyareontome:

 

[Bquat]

Playing with Midterm Channel. Back to shorter timeframe. Short term support now tested as resistance from below::worried:

 

[Bquat]

I still believe inflation is the more serious problem coming. Now watch the walk back on tough talk on Russian actions as when they took Crimea. Now it will be called an incursion and not invasion. Sorry just my opinion.

 

[Bquat]

Today was a late afternoon rejection of the dip buying. Chart: :blink:

 

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Just thinking out loud...... I keep focusing on those gaps. I know I said earlier that my crazy guess would be 1840, but thinking ahead a couple weeks and looking at the rate of decline, wouldn't it be very "convenient" for the market to use the March Rate Hike as an excuse to go down further and fill those gaps. I'm not sure what actual day that they plan to do the Rate Hike, but if we're in the vicinity at that time, they could use that as the excuse. That would take those gaps off the table.
If that happens, it might be a Rocket Ride to the Upside right after with the gaps filled and the Rate Hike out of the way. The only other possible negative to affect things would be Russia News.
As always, this is just a total guess on my part. Speculation I think they call it. Dam....just gave myself a headache with all that "Thinking" stuff. :boggled:

 

[Bquat]

Today was a late afternoon rejection of the dip buying. Chart: :blink:

Sorry for the late post I had and appointment with my nail tech to do my toes. Now it's early afternoon rejection of the dip buy: :worried:

 

[Bquat]

Just thinking out loud...... I keep focusing on those gaps. I know I said earlier that my crazy guess would be 1840, but thinking ahead a couple weeks and looking at the rate of decline, wouldn't it be very "convenient" for the market to use the March Rate Hike as an excuse to go down further and fill those gaps. I'm not sure what actual day that they plan to do the Rate Hike, but if we're in the vicinity at that time, they could use that as the excuse. That would take those gaps off the table.
If that happens, it might be a Rocket Ride to the Upside right after with the gaps filled and the Rate Hike out of the way. The only other possible negative to affect things would be Russia News.
As always, this is just a total guess on my part. Speculation I think they call it. Dam....just gave myself a headache with all that "Thinking" stuff. :boggled:

Remember those are Covid news gaps and may not draw down the market like market gaps used too but I keep them in mind anyway.:cheesy:

 

[Bquat]

I did have a light support line that I had for tomorrow's chart but we hit it today. This was an acceleration of the down move today but it just got us back to the descending Midterm channel rate. I really didn't know if this light support would hold but maybe because it was the end of day it did: :notrust: