Bquat's Account Talk

[nasa1974]

Crazy week so far.

 

[Bquat]

I am seeing a price range or sideways consolidation developing. Should I put a gap here because of yesterday's topping tail (ground already covered}? Is the market just waiting for the moving averages to catch up? Chart: :suspicious:

 

[tsptalk]

Yeah, it looks like they're attempting to fill some of that gap already, but the bull flag is what looks interesting to me. You can see it better on the IWM chart.

 

[Bquat]

Consolidation or bull flag? Look at the big swings. Better day than I expected. Chart:

 

[Bquat]

We have a breakout. Nope not a breakout with the selloff. Today's candle caused me to redraw top of Midterm and flag. Things still changing fast. Chart: :blink:

 

[Bquat]

Looks like another pop and drop as the market waits on Fed's meeting tomorrow. Rate cut is factored in but what if??? Consolidating sideways until a news event. Chart: :suspicious:
So far, my Spidey Sense has been wrong.

 

[WorkFE]

A rate cut this early would go against what they've been saying the past couple of months. All the more reason to do it I suppose.

 

[Bquat]

I deleted the gap because it didn't act like a gap because of the long topping tail before. Looking like the market is trying to break out of my consolidation (orange) rectangle. Not looking strong. Fed meeting today. Chart:

 

[Bquat]

I deleted the gap because it didn't act like a gap because of the long topping tail before. Looking like the market is trying to break out of my consolidation (orange) rectangle. Not looking strong. Fed meeting today. Chart:

I was expecting to have to redraw my Midterm rectangle with the breakout but damn we are right back within it. Did they expect a rate cut today? Anyway, August Chart: :nuts:

 

[Bquat]

If it was a gap, it's filled now. What if the first candle was just an news overshoot? I am playing with the sideways consolidation because it's been almost a month. Yesterday's news was less than what the market expected on future rate cuts. Not the "rate cut no matter what" by Powell last month. So I will wait on today's bottom to redraw Midterm. Manipulated Chart: :cheesy:

 

[Bquat]

Looks like another pop and drop as the market waits on Fed's meeting tomorrow. Rate cut is factored in but what if??? Consolidating sideways until a news event. Chart: :suspicious:
So far, my Spidey Sense has been wrong.

Spidey Sense was right just a couple weeks early. With new jobs about half than expected and unemployment up the market has gone 180. So the longterm was a flat top and not a bull flag. Chart:

 

[Bquat]

Hopefully the "M" is complete. Chart: :worried:

 

[Bquat]

Is this enough for a correction? I think the market overreacted and overshot the possible Longterm Channel. I can use my hide the candle trick. Chart: :blink:

 

[WorkFE]

I was thinking more in the 1850 range, but I've been wrong more than right.

 

[Bquat]

Is this enough for a correction? I think the market overreacted and overshot the possible Longterm Channel. I can use my hide the candle trick. Chart: :blink:

Looking better today with the news overshoot gone. With bottom tail a couple days before is the gap filled? Chart:

 

[Bquat]

Chart:

 

[Bquat]

Yesterday was disappointing. So, let's try again. Chart: :blink:

 

[Bquat]

I am happy. Trying some rungs on my ladder. Put them on this morning after I noticed the first two. Approximately 2.5 % each rung. Dream Chart:

 

[Bquat]

Sorry I was at an appointment this morning. I am ok with this little pullback which looks pretty good so far. Slight ladder adjustment and adjusting for a possible hold here. Dream Chart:

 

[Bquat]

Sorry I was at an appointment this morning. I am ok with this little pullback which looks pretty good so far. Slight ladder adjustment and adjusting for a possible hold here. Dream Chart:

Yep, held strong, right?