Bquat's Account Talk

[Bquat]

16 June line is a double bottom for 2022 so it could be good support but inflation is a concern so you guys that are more bullish than me go ahead and comment: :smile:

See DBA chart for June bottom

 

[Bquat]

Buy the low and sale the high and back to the open this is indecision and look how the channel held in both directions: :blink:

this is indecision : :blink:

 

[Bquat]

this is indecision : :blink:

Yep the market was waiting for news before deciding direction and it no likey CPI

 

[Mcqlives]

Wow...and the SnP instantly dropped under 3500 at the open. Look for at least 2 more .75 rate hikes this year. Maybe full point hikes.
...and your spidey 2 line was almost perfect for the quick opening plunge!

 

[Bquat]

Is the Plunge Protection Team trying to support the market at this level? Well now we have to admit Spidey was right on his worst-case scenario after the H&S and so there goes two years of market gains:

 

[Bquat]

Has automatic buys completely bought back this morning's gap and beyond? I just don't know what is happening: :nuts:

 

[felixthecat]

Bear rally off the new lows. Question is…how long will it last? One day or into Friday. Hmmm.

Has automatic buys completely bought back this morning's gap and beyond? I just don't know what is happening: :nuts:

 

[flalaw97]

Almost at the Dead Cat Bounce line from previous chart?

Hoping it stays into Friday so I can get out. Still think we are in Bear Country - was hoping to catch a quick bounce but not able to pull trigger before noon today. One more day up, please?

 

[Bquat]

The market tried to add onto yesterday's gains after what I thought was autobots buying the blue line Will the market shun off the possible Head and shoulders: :worried:

 

[Bquat]

I promise I had my orange dashed line in before end of day because I made the H&S pattern the Midterm:

 

[Bquat]

I promise I had my orange dashed line in before end of day because I made the H&S pattern the Midterm:

Wow I don't know why we are testing the right shoulder already maybe an election push just kidding I don't know now a gap below to worry about: :suspicious:

 

[Bquat]

Stayed stronger than I expected Chart: :blink:

 

[Bquat]

Stayed stronger than I expected Chart: :blink:

It was up with Bank's strength ​with follow through today and I will redray my Midterm because we are going for a head test

 

[Bquat]

First gap down and gap up (Spark gap) was filled and today's gap up half filled I redrew my Midterm and watching my declining 50 DMA if weakness returns: :worried:

 

[Bquat]

After gap is almost filled stayed below resistance and back in Longterm Chart: :blink:

 

[Bquat]

After gap is almost filled stayed below resistance and back in Longterm Chart: :blink:

Showing a head test failure and gap is completely filled and I changed the Midterm to the tops since we might be going the other direction: :worried:

 

[Bquat]

Showing a head test failure and gap is completely filled and I changed the Midterm to the tops since we might be going the other direction: :worried:

I guess I was right with the Midterm channel change are we on support? :suspicious:

 

[Bquat]

Watching for crossover if we drop from here Yellow Caution: :worried:

 

[Bquat]

Watching for crossover if we drop from here Yellow Caution: :worried:

Orange warning are we on support? Big gap just below and if we go to fill it we will have the 50 DMA crossover:

 

[rangerray]

Orange warning are we on support? Big gap just below and if we go to fill it we will have the 50 DMA crossover:

I think that's where we're headed. The trend is DOWN.