Bquat's Account Talk

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Today's tracker is showing mass exit. TSP Talk AutoTracker Hmm follow JTH? He's pretty good. Market now showing inverse F flag which is bearish until it breaks. I'll watch 20 min. more.:notrust: I don't see support yet. Tic toc Maybe he's considering 10% correction may be enough.
 
We are still below the 50 day and still setting lower highs and lower lows. We need to start back up tomorrow because below the light blue line we do a lot of damage to both the weekly and monthly. I have risk to reward 60/40, while others expect a bounce. I'm bearish but can be convinced other wise at a break of 1602. Yeah I'm eating some loss in the F. The anti-QE is killing us but me less.:worried: Ok let the convincing begin.:notrust:
 
My worry is when the 20 crosses the 50 day confirming a larger time frame down trend.:worried: So convince me not soon, please.
 
Tomorrow is my decision day. If we break 1602 I should enter.:) Tomorrow we find out if the bulls can get above the double top and confirm the V bottom.:confused: If 1602 is broken I may take my chances with the 50 day. I would love to be in before we break it or be left behind. No comments please.;)
 
Bquat said:
Tomorrow is my decision day. If we break 1602 I should enter.:) Tomorrow we find out if the bulls can get above the double top and confirm the V bottom.:confused: If 1602 is broken I may take my chances with the 50 day. I would love to be in before we break it or be left behind. No comments please.;)
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Sorry, must comment. Plan on SPX 1600 tomorrow. 1650 by the end of the month. We'll set this train right very soon.
 
JimmyJoe said:
Sorry, must comment. Plan on SPX 1600 tomorrow. 1650 by the end of the month. We'll set this train right very soon.
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Just remember the Fed shut down one of the engines so the risk is 60/40 to reward. This still can be a lower high being set. I like how no comment brings a couple of comments. Thanks guys and yes this next IFT may be used to set up for next month. There is a chance I might use it for G but it's my last one and I'd rather use it for a volley.
 
Looks like we may be testing 1602 early. Most of the move may be done already in the futures. Here's a cleaner chart:
 
Bquat said:
Look at this post deadline move.:( I want 2PM Eastern.:suspicious:
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I've been trying to post this morning but kept getting kicked off when I hit the post button.

I could not figure out this mornings downward stairs with the planing around 1595 followed by the recent climb. I stated earlier that if I was out I would have stayed out this morning (did not post) and still think that is the best choice. Market is wary of something today, I just don't see what unless it is BO's speech yesterday.
 
Mcqlives said:
I've been trying to post this morning but kept getting kicked off when I hit the post button.

I could not figure out this mornings downward stairs with the planing around 1595 followed by the recent climb. I stated earlier that if I was out I would have stayed out this morning (did not post) and still think that is the best choice. Market is wary of something today, I just don't see what unless it is BO's speech yesterday.
Click to expand...
I thought you were awol.:D
 
Here's another AWOL...:) Thanks for your ongoing charting work.

FWIW, Some of the larger caps stocks that I own/follow and did well in the last leg up are doing well today, up 1-2% (JNJ, MCD, KO, JCI, F). Just an observation. Not saying it's worth much but if money is going to flow into stocks...where might it go first? These stocks had definitely been outperforming up to mid May. Everyone likes a bargain price on a quality good. I hope that's what we are seeing. Somewhat rounded top with continuation up. You could also call it a defensive play? Anyway I'm sitting in S in TSP but have about 80% cash in my other accounts.
 
Soon as we moved to the right of the channel we broke down.:worried: Do we test prior resistance as support? More than likely. 50/50 risk to reward tomorrow. Here's the scenario. We pop or test resistance or drop. I think this move will be determined in the futures market. We need the pop to mirror the left side of the V formation.:notrust: The risk is any sizable drop will pull the 20 through the 50 day and the white channel will be a large bear flag which can break the 38.2 fib. ret. and worse.:worried: Other than that everything is fine.:rolleyes:
 
Since it's a coin toss.:confused: Ideas, concerns or extreme bullishness are welcomed. Now we go check Post market Analysis which there is becoming less free choices. If I become the only free choice, look out.:sick:
 
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