Bquat's Account Talk

[Bquat]

I just went from bar to candle chart:

 

[Bquat]

So what are the chances of more down side tomorrow?:suspicious:

 

[Bquat]

I have lightning in the area so you may discuss this chart in my absence. I'm starting to like the longer time frame and the candles give me a little more insight to what happened within the two hours. Like retraces from dip and tops.

 

[BichonFreeze]

News gives us something interesting today...GDP contracted at 2.9%. Futures haven't changed much.

 

[Bquat]

News gives us something interesting today...GDP contracted at 2.9%. Futures haven't changed much.

There you are. I haven't seen you lately. Futures continued in a low base over night and now the downward move is happening with this mornings volume:
S&P 500 Futures Live Advanced Chart

 

[Bquat]

Color change in chart. I'm not going to change lines other than color because dip buyers may try tomorrow to change things. Waiting to see the full potential of my (Death Star ) rising wedge::worried: Still have support less than 2% below us to test.:blink:

Need to watch the little red line. Today's action is surprising me. It still can go down or is it a case where bad news my be good news again? OK you got me I changed the lines:

 

[BichonFreeze]

Don't worry I'm always reading your thread. Just been a bit to busy to comment.

 

[Whipsaw]

The dip seems similar to previous ones, if it continues to trek up from here it might be a good entry point for late in the month ?

 

[Bquat]

The dip seems similar to previous ones, if it continues to trek up from here it might be a good entry point for late in the month ?

Still in a low base but have my eye on the red line::suspicious: I'm starting to like this longer time frame. It creates a cleaner chart and the candles will help with the lines.

 

[Bquat]

Do you guys think this white channel is just a large F flag and when it breaks look out? Should we follow it because it is bullish until it breaks.

 

[Bquat]

Looking better:

 

[Bquat]

No move for me. Worried a little about this tail:

 

[Bquat]

So now we wait on the post deadline move.

 

[Whipsaw]

DCB?

 

[Bquat]

DCB?

That's what I'm thinking but if the red line holds post deadline I could be wrong.

 

[Bquat]

Playing with another red line for post deadline move:

 

[Bquat]

I know sometimes I chart like a day trader but what I'm doing is charting for someone else that may be making a decision that day. Or I'm just don't have anything better to do.:nuts:

 

[Bquat]

Chart for tomorrow. Did we take the 5 day?

 

[Bquat]

To be fair again I must show the bearish possability of a rising wedge. This can convert to an ascending triangle if we reach the high and move sideways today::blink:

 

[Bquat]

Now back to our regular channel for today's action: