Trading with point and figure

[Dentalfloss]

green horizontal is our 1932 pivot that broke down late in the day
trend res is 1946 area
we either break lower or test res
1932 res first..then 1939 then 1946
starts to get bullish if 1950 is supp

 

[Dentalfloss]

dax

 

[Dentalfloss]

note the downtrend got taken out with a bounce/green and then a new downtrend
and a small break of support

 

[Dentalfloss]

dow

you can see the main downtrend
a new minor downtrend started on 6th jan
followed by a bounce into NFP
then a new downtrend after nfp/purple
pivot is 16440-16480 area /aqua
trend res is 16480-16520 area
16300 area is poss supp from Friday evening...market will probably want retests if it wants to rally
goin either way..
a decent rally needs to see 16500 as supp
there is no sign of a bounce as yet...let alone a dead cat bounce

 

[Dentalfloss]

oil/wti

 

[Dentalfloss]

With the good nfp numbers today, I dont really know why this has fallen so much this pm

As said on Friday morning...market had bad breath ...halitosis....lol
You could smell it a mile away
Actually...Jason Leavitt
Said...bad breadth

 

[Dentalfloss]

dax in a pivot area

triple-top breakout area...must be important..back into that area to test the bulls

 

[Dentalfloss]

spx
a couple of pivot areas marked
1905 possible area of support
otherwise down to1890 and then 1875 horizontal supports

 

[Dentalfloss]

better chart
if 1920 area fails ..then 1905 pivot
if pivot holds..then 1920...1935 and 1950 res area

 

[Dentalfloss]

dow in a possible pivot area
if 16300 area holds..then bounce to res 16600 a possibility
otherwise 16224 and 16128 areas
needs to stay above 16k psycho level

 

[Dentalfloss]

markets bad breath...
the move down from NFP..5 min data
1926 is first res area
then 1929 is 50%
then up to 1932
think that 1929 needs to be support for any decent recoil
we have poss supp areas underneath down to 1905 area
if you note that the first two downmoves had decent recoils..then the bulls gave up...they could be back for the open...lets see

if 1920 area does not hold it..then poss 1905 area

 

[Dentalfloss]

dax in and out of NFP

areas to watch if it recoils

 

[Moneylender]

Hey, you've had a busy weekend, appreciate it.

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

wants to pop 1920 area to go to 1926..ish
pop 9800 to 9850-9870 area

 

[Dentalfloss]

updated dax

 

[Dentalfloss]

spx
bulls have broken that downtrend

 

[Dentalfloss]

wants to pop 1920 area to go to 1926..ish
pop 9800 to 9850-9870 area

gotcha

 

[Dentalfloss]

possible trap above 9870 and 1926 areas

 

[Dentalfloss]

stops tightened