BichonFreeze
TSP Strategist
- Reaction score
- 3
Heading towards deadline, I think I'm going to shake the 8-ball and see what it has to say....."ASK AGAIN LATER"....darn you deadline!!!!
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Bquat's Account Talk
- Thread starter Bquat
- Start date
BichonFreeze
TSP Strategist
- Reaction score
- 3
I agree, the market will light up, and if it does you'll see me jumping ship in the first week of May.
That said, I was just looking at volume and it does seem lighter than normal.
Last edited:
Bquat
TSP Talk Royalty
- Reaction score
- 582
Here we are into May and in the market.
Now we can exit and reenter at our pleasure and not being stuck in because there was no way to reenter.
Now we are right at a double top but what's good is we bounced back up off the top of the triangle (blue line) and created an ascending triangle out of the isometric triangle. We are post Fed meeting and now just have the Jobs Report to worry about. We are above longer term damage and all moving averages are rising. The only thing bothering me is we didn't break out above 1885.:blink: I was wanting to be above it building strength to break to new highs. So this is what my charts look like:
Now we can exit and reenter at our pleasure and not being stuck in because there was no way to reenter. Now we are right at a double top but what's good is we bounced back up off the top of the triangle (blue line) and created an ascending triangle out of the isometric triangle. We are post Fed meeting and now just have the Jobs Report to worry about. We are above longer term damage and all moving averages are rising. The only thing bothering me is we didn't break out above 1885.:blink: I was wanting to be above it building strength to break to new highs. So this is what my charts look like:
Bquat
TSP Talk Royalty
- Reaction score
- 582
To be fair I could make a descending channel with today's peak and last high on the 4th and it would match the line from 3 March to 14 April but I won't. Ok for you I will:
Mcqlives
Market Veteran
- Reaction score
- 24
it depends on which chart i look at.
JTH
TSP Legend
- Reaction score
- 971
Here we are into May and in the market.
Good catch, it would be nice to get at least one 5-minute candlestick to close at 1885
Bquat
TSP Talk Royalty
- Reaction score
- 582
I am concerned about the weakness at the 1885 level myself. I was expecting the shorts to cover at that level. It my be people not wanting to commit because of Ukraine's conflict. We're above rising moving averages so we have a chance. We still made intraday higher highs and maintained higher lows. F flag maybe which is bullish until it isn't. I'm showing a 50 day supported channel but it's not a true channel. I am slightly bullish short term but we're really in a rising wedge longer term (bearish). I am not an expert TA man so I can use "Hope for a Pop technology".
So there you go:
Bquat
TSP Talk Royalty
- Reaction score
- 582
Ditto: Staying in.I am concerned about the weakness at the 1885 level myself. I was expecting the shorts to cover at that level. It my be people not wanting to commit because of Ukraine's conflict. We're above rising moving averages so we have a chance. We still made intraday higher highs and maintained higher lows. F flag maybe which is bullish until it isn't. I'm showing a 50 day supported channel but it's not a true channel. I am slightly bullish short term but we're really in a rising wedge longer term (bearish). I am not an expert TA man so I can use "Hope for a Pop technology".
