Trading with point and figure

[Dentalfloss]

as you can see the p/f charts are thriving on the volatility

 

[Dentalfloss]

look for ink at the bottom or the top in this consolidation for possible clues on direction of breakout

 

[Dentalfloss]

dax over the last 24 hours
we love the volatility

 

[Dentalfloss]

spx over last 24 hours
any rally needs to see the red trendline as supp

 

[Dentalfloss]

spx ..lookin like it wants to rally..no guarantees
if 1902-1904 breaks then 1913 test of res

 

[Dentalfloss]

oil/wti
any rally needs to have red support/line
31.50 area first stop

 

[Dentalfloss]

there we are..we have the scenario for the session..could go either way

 

[Dentalfloss]

excellent move from 1902 and 9800 we had marked
market needs a consolidation to please the bulls

 

[Dentalfloss]

oil/wti
any rally needs to have red support/line
31.50 area first stop

wham..

excellent movement
test our 31.50 res area and a pullback

 

[Dentalfloss]

spx ..lookin like it wants to rally..no guarantees
if 1902-1904 breaks then 1913 test of res

a quick move to horizontal supp area at 1880....then wham.....
right up into our 1913
better still...it overshot

 

[Dentalfloss]

dax followed...excellent

 

[Dentalfloss]

updated spx

wham..straight into our res/trendlines
we watch the pullback to see if it stays above the lines

 

[Dentalfloss]

bulls would like it to stay above 1900

 

[Dentalfloss]

scalp shorts in from the overshoot
dax and spx
stops tightened

 

[Dentalfloss]

stopped out
decent points

 

[Dentalfloss]

bulls would like it to stay above 1900

1902 held...bulls in
luverly

 

[Dentalfloss]

1902 held...bulls in
luverly

stopped out..reasonable.a spike down..who cares...we carry on

 

[Dentalfloss]

think our 1900 area is going to get retested

 

[Dentalfloss]

still pumpin...excellent

 

[Dentalfloss]

our 1913 area ...still a dog