Bquat's Account Talk

[Bquat]

Again, I don't know what happened, but we have a pop with follow through, so we have a breakout: :embarrest:

 

[nasa1974]

I'm not jumping up and down. The breakout looks nice, but now we have another gap on the low side that may cause a problem.

 

[Bquat]

I think it was announced that there was a big drop in job openings which may make Fed happy

 

[Bquat]

I am trying a new Midterm channel for October with today's downside so is this a new uptrend or a bear flag? Starting to fill the gap: :blink:

 

[Mcqlives]

If that gap doesn't hold then the next leg down will hurt! Fingers crossed, for those in the market, that it holds!

 

[Epic]

If that gap doesn't hold then the next leg down will hurt! Fingers crossed, for those in the market, that it holds!

MPU seems to feel the same way, and he's been pretty spot on the last handful of times with his hammer drops. This could be a big one.
See HERE >>>>> https://twitter.com/MasterPandaWu/status/1577711272774074368
(click chart to enlarge)

 

[Bquat]

Top gap is filled and watching Lower High Is this a staircase pattern forming or does the gap up nullifies it? Chart: :blink:









;

 

[Bquat]

Market did not like how many jobs were added thinking economy is not slowing down and that Fed will continue rate hikes: :worried:

 

[Bquat]

Market did not like how many jobs were added thinking economy is not slowing down and that Fed will continue rate hikes: :worried:

Market reacted worst than even I expected with me even lowering my blue line midday and then closing below where I thought support would be: :nuts:

I redrew the longterm channel ignoring a little of the over sale with the parallel bottom and I haven't figured the Midterm channel yet with today's selloff:

 

[Mcqlives]

Market reacted worst than even I expected with me even lowering my blue line midday and then closing below where I thought support would be: :nuts:

I redrew the longterm channel ignoring a little of the over sale with the parallel bottom and I haven't figured the Midterm channel yet with today's selloff:

I actually thought we would go a little lower on this drop but thought it would come over a few days with the SnP hitting 3580ish before a short bounce. Today surprised me and I don't know what next Monday will bring. but i would be shocked if we end next week higher than where we are now. Have a great weekend!

 

[flalaw97]

Gap below filled but gap above created? Another DCB to fill gap next week?

 

[Bquat]

Well, here's an update of my October chart because TSP is closed today: :worried:

 

[Bquat]

Just barely closing above support: :worried:

 

[Bquat]

Declining candles are getting smaller yet the bottom of my Hidterm channel keep getting hit​ so will we consolidate here again like last time? I don't trust this with Consumer Price Index coming out Thursday:

 

[Bquat]

I put Spidey there only because we are approaching his prediction for the H&S drop:

 

[Bquat]

Market is proving me wrong did Spidey scare them into buying or the bottom level was set for automatic buying

 

[Mcqlives]

Spidey is right...my 3580 guess on a bounce point is probably DOA with the rest of this week's financial news.

Good charts!!!

 

[Bquat]

Buy the low and sale the high and back to the open this is indecision and look how the channel held in both directions: :blink:

 

[Bquat]

Here we are again at the "W" question and if we move sideways consolidating at this level With CPI tomorrow the chance of Spidey 2 is 60/40: :suspicious: JMHO

 

[Bquat]

16 June line is a double bottom for 2022 so it could be good support but inflation is a concern so you guys that are more bullish than me go ahead and comment: :smile: