Bquat's Account Talk

[Bquat]

"F" flag bullish until it isn't. S&P 500 Chart:

 

[Bquat]

Didn't know if I should draw the channel to the abandoned babies are not. EFA chart:

 

[Bquat]

AGG Chart:

 

[Bquat]

I did the charts you guys do the commentary.

 

[nnuut]

"F" flag bullish until it isn't. S&P 500 Chart:

What do you think about those 2 GAPS 2900 and 2940?

 

[Bquat]

What do you think about those 2 GAPS 2900 and 2940?

70/30 top gap gets filled and 50/50 on the second one. Looks like timing wise it will hit my 50 day right when were overbought and the market is really looking for a 50 day test. 40/60 for 100 Day test. Just my guess::cheesy:

 

[Bquat]

Haven't done a Transports chart in over a year. DJ-20 Chart:

 

[Bquat]

3 years since I did this one. Testing the breakout. DIA longterm chart:

 

[Bquat]

Yes sideways consolidation is good but flat tops can have a big drop. Consolidating sideways past the channel makes this more like a flat top. The coin is in the air since we are in an over sold condition but we can embed to the down side in a couple of days. Watching the box for direction:

 

[BooDog]

The breakout potential is certainly there, though so is a reset. I do see a bit of an inverted head and shoulders on the DJIA from Jul 15 - 21 so things could get interesting. I'm not up for the risk this time.

100% G at close today.

 

[Mcqlives]

Third test of a topping line, right at cutoff time, doesn't give much of a chance for us to make a play. Wish we had more flexibility....

 

[Bquat]

August Charts:

 

[Mcqlives]

Thanks! I wish I had messed with the I fund chart before I moved yesterday. That gives me a higher concern for our overall economic health. I may have waited longer. I’ll see where this ride takes me but am hoping the positioning move gives me a chance to get back out with a profit before the c fund gap gets filled.

 

[Bquat]

Good luck with that. First gap filled. I may have to redo my Midterm Channels:

 

[Mcqlives]

Lol...trump killed my July profit in one day. Have to ride it to see where this thing goes

 

[BooDog]

There are a few potential gaps to fill imo. All the way to 2750. Summertime volatility playing as well as Trumps tariff threats.

 

[Bquat]

My Midterm channel is shot so I will have to figure out a new one. The Long term one looks about right for a news caused correction::blink:

 

[tom4jean]

They need to make the "like this post" to one like Facebook where you can put like, sad, or laughing. Don't know if I would cry or laugh with that action, just glad I'm on the sidelines.

 

[Bquat]

Here's a little bit longer term temporary charts while I play with the Midterm. Showing some possible correction levels::worried:

 

[Bquat]

Second gap was gaped over. Will 5 % drop be a big enough correction? Playing with a Inverse Head and Shoulders at this level: