Trading with point and figure

DOW seems straight forward unless 21410 holds!

14c5wue.jpg
excellent chart
21376-21392 is a pump or dump area
supp..there is a cluster of trendlines in 21328-21344
starts turning nasty at 21296
21360-21376 there is a prev pivot area
could go either way
 
DOW broken out /overnight/out of hours
sets it all up as bullish...poss retrace only
i will take a one box horizontal count/target
 
horizintal count row is aqua horizontal..target is red horizontall
green horizontal could get activated..target is 13K
supp is aqua horizontal at 12772..if 12800 fails
bulls in..but horizontal rez looming
 
Morning all.
You had good weather for your weekend break 007!

Break out overnight into resistance makes a pull back likely, let's see.
 
ftse..rez starts at 7512..there now
7550 the biggy
7488-7494 supp area...there is some sort of pivot in that area
otherwise 7469-7475 area
big rez is 7546 area
 
- Very quiet start to the week, focus on Brexit talks start after further
alleged terror attack, Japan Trade & China House Prices to digest,
ECB and Fed speak

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** EVENTS PREVIEW **
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A very quiet start to the week, both in data and events terms, with the solid Japan Trade data and modest slowing in China's Property Prices the only significant items in statistical terms. Yet another awful terror attack in London casts an even longer shadow over the start of Brexit negotiations between the UK and EU. Elsewhere the focus will be on how French President Macron turns words into action after securing a solid parliamentary majority, though not as large as opinion polls had suggested, and with a very poor 43.5 turnout underlining a great deal of scepticism among the general public as a whole. Central bank speakers are reasonably plentiful with ECB's Lautenschlaeger, NY Fed chief Dudley and Chicago Fed's Evans on hand.

from Marc Ostwald
 
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