Bquat's Account Talk

[Mcqlives]

Now you stop that right now. You're acting like you know what's going on.

Not with 1640 (WT@?!?!?!) acting as a ceiling the last hour. I do think we are coiling though. The 1623ish to 1646ish shrank to 1630ish to 1640ish. So much depends on what they say on Wed and how the big trading houses interpret what they say. Tomorrow could be interesting with CPI and housing coming out at the same time the FED is starting meeting.

 

[Bquat]

Not with 1640 (WT@?!?!?!) acting as a ceiling the last hour. I do think we are coiling though. The 1623ish to 1646ish shrank to 1630ish to 1640ish. So much depends on what they say on Wed and how the big trading houses interpret what they say. Tomorrow could be interesting with CPI and housing coming out at the same time the FED is starting meeting.

I was getting a little bullish until 1640 held as resistance. The dip was bought and we're still in an ascending triangle. At least we're a little more that 1% to break down or up. Tomorrow is a direction day.:blink:

 

[Bquat]

Good morning. This level is looking stronger than I expected. I was expecting a breakout. So eyes are open with this weakness.:blink:

 

[Bquat]

Is the higher high line and higher low line a rising wedge stronger than the ascending triangle? Inquiring minds want to know?

 

[Bquat]

F flag, been there seen this. Bullish until it breaks down. Looking at 1650 and important level to many people.:notrust:

 

[Mcqlives]

I was getting a little bullish until 1640 held as resistance. The dip was bought and we're still in an ascending triangle. At least we're a little more that 1% to break down or up. Tomorrow is a direction day.:blink:

Back to bullish?...at least until the FED speaks. Today's action following yesterdays makes you wonder what the big money knows. Is this a move that will suck in dumb money and then we drop?...or is this the continuation of a run to 1700?

 

[Bquat]

Back to bullish?...at least until the FED speaks. Today's action following yesterdays makes you wonder what the big money knows. Is this a move that will suck in dumb money and then we drop?...or is this the continuation of a run to 1700?

I really think we might break down soon. Staying with F flag is bullish until it breaks down and that I'm right until I'm wrong.:notrust: We'll see real soon on a station near you.

 

[Mcqlives]

I really think we might break down soon. Staying with F flag is bullish until it breaks down and that I'm right until I'm wrong.:notrust: We'll see real soon on a station near you.

Around 1662 in the morning and then down because the FED says something crappy...I can see that happening.

 

[Cactus]

Back to bullish?...at least until the FED speaks. Today's action following yesterdays makes you wonder what the big money knows. Is this a move that will suck in dumb money and then we drop?...or is this the continuation of a run to 1700?

Buy the rumor and sell the news. Watch out tomorrow!! :toung:

 

[Bquat]

I really think we might break down soon. Staying with F flag is bullish until it breaks down and that I'm right until I'm wrong.:notrust: We'll see real soon on a station near you.

Same time same channel tomorrow.

 

[Bquat]

Cleaner chart for today. The light blue line may hold but I'm looking for a pattern repeat and maybe a break below the 20 day.:worried: Maybe a 1624 entry?

 

[Bquat]

This is looking better than I expected. Tweezers bottom. Is today trust the Fed day? The market likes this level.:toung:

 

[Bquat]

It would be very nice if this is converting to a high base.

 

[Bquat]

Post deadline we may be coiling for a down move going into the Fed.:worried:

 

[Bquat]

Post deadline we may be coiling for a down move going into the Fed.:worried:

Now let's see if we have a proper channel now.:blink: 5 Day holding as resistance once and now as we speak.

 

[Mcqlives]

Post deadline we may be coiling for a down move going into the Fed.:worried:

You got it, but then a bounce at 1633. BB says no change now but hints that easing may be coming to an end down the road. The market plummets, realizes he didn't really say anything and bounces. Tomorrow is, hopefully, good news, and off we go again!

 

[Bquat]

You got it, but then a bounce at 1633. BB says no change now but hints that easing may be coming to an end down the road. The market plummets, realizes he didn't really say anything and bounces. Tomorrow is, hopefully, good news, and off we go again!

I believe that we're bearish below the pink mid-channel support line that should become enough resistance to keep use from breaking 1550 again. Now the 20 didn't hold and the 5 day broke again.:worried: This is a volatile low base forming.

 

[Mcqlives]

I believe that we're bearish below the pink mid-channel support line that should become enough resistance to keep use from breaking 1550 again. Now the 20 didn't hold and the 5 day broke again.:worried: This is a volatile low base forming.

Back to the broader channel, hopefully, with the 50 being the magic line.

 

[Bquat]

Back to the broader channel, hopefully, with the 50 being the magic line.

With closing with a lover low today (pink), I don't know what kind of damage we're in.:worried: The wider purple channel may hold but if we break it the 50 may break also. I made a larger bearish channel (yellow) with hesitation lines. I also made a bullish not guaranteed channel (white) utilizing lower higher low line. The purple line is at 61.0 Fib. after the last peak. So bearish until proven not. Ok weigh in guys. I bet Christian is real bearish after this. I think we may have broke midterm support.

 

[Mcqlives]

I also made a bullish not guaranteed channel (white) utilizing lower higher low line. The purple line is at 61.0 Fib. after the last peak. So bearish until proven not. Ok weigh in guys. I bet Christian is real bearish after this. I think we may have broke midterm support.

61fib and 50dmay are both good floors for bounces...but they may be dcb's. If tomorrows numbers come in good all this will be a bad memory. If they come in bad I will wish it was just a bad memory.