Trading with point and figure

[Dentalfloss]

oil in supp
47.40 area

 

[Dentalfloss]

Before the Open (Jun 5)
by admin on June 5, 2017
in Before the Open
2 Comments
Good morning. Happy Monday. Hope you had a good weekend.
The Asian/Pacific markets closed with a lean to the upside. South Korea, New Zealand, Taiwan, Malaysia and the Philippines did well; China and Australia dropped. Europe is currently mixed. Germany, Greece, Denmark and Hungary are doing well; Poland, France, Italy and Portugal are weak. Futures in the States point towards a down open for the cash market.
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SUBSCRIBE to LB Weekly – it’s only $12.40/month when you sub for a year.
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The US dollar is up. Oil and copper are down. Gold and silver are up. Bonds are down.
We enter this new week with the Dow, Dow Composite, Nas, Nas 100, NYSE, Russell 1000, Russell 3000, S&P 100, S&P 500 and Wilshire 5000 having moved to new all-time highs, and the Russell 2000, S&P 600 and S&P 400 being pretty close.
Many of the market’s breadth indicators have improved the last couple weeks.
The trend is solidly up. It’s strong. It’s healthy. And although there will be disruptions along the way there’s no reason to believe it won’t continue. This is what I’ve been saying for a long time. I occasionally get made fun of, and here we are at the highs. The only side of the market to be on is the long side.


from Jason leavitt

 

[Dentalfloss]

spx

first move...lookin like a move to test bulls in 2430 area

 

[Dentalfloss]

2435-2437 rez on a bounce
lets see what happens

 

[Dentalfloss]

dow 21160-21170 poss first move
22.2K rez
lets see what happens

 

[Dentalfloss]

ftse in our 7518-7530 supp area
could get a test of 7540..ish

 

[Dentalfloss]

1.1250 to 1.1260 on eurusd...scalpers paradise
scalps in and out of that area if you can get it

 

[Dentalfloss]

cable
our 1.2964 area
scalps in and out if you can get it

 

[Dentalfloss]

eurgbp in .8700 supp area

 

[Dentalfloss]

gbpjpy
143.20 pivot area looming

 

[Dentalfloss]

oil 46.75-47.00 is a supp area

 

[Dentalfloss]

dow 21160-21170 poss first move
22.2K rez
lets see what happens

22.2K hit...and dump to our 21170
luvin it

 

[Dentalfloss]

and bounce from 21170
a few so far

 

[Dentalfloss]

22.2K...excellent
a quick 60 points

 

[Dentalfloss]

ftse rallying from our supp area
excellent

 

[Dentalfloss]

ftse in our 7518-7530 supp area
could get a test of 7540..ish

whammo

 

[Dentalfloss]

21200 held..and off we went
excellent
stops tight now

 

[Dentalfloss]

oil 46.75-47.00 is a supp area

yes sir...and bounce
excellent stuff

 

[Dentalfloss]

7540...and dump
excellent stuff

 

[Dentalfloss]

gbpjpy
143.20 pivot area looming

for a decent few