Trading with point and figure

[Dentalfloss]

lookin like our 1913 wants to pop

 

[Dentalfloss]

1918 is a res area

there now

 

[Dentalfloss]

1918 is a res area

there now

scalp shorts in from the top...near the top

 

[Dentalfloss]

1929 area possibly on the cards

 

[Dentalfloss]

1929 area possibly on the cards

stops tightened

 

[Dentalfloss]

sstopped out
excellent run

 

[Dentalfloss]

our 31.50 res area working well
excellent scalping..in and out

 

[Dentalfloss]

here is the whole down move in its simplest form
50% area is marked
basically..9900 is res area

nailed

 

[Dentalfloss]

spx into res
shorts in.. from near the top..tight stop

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

excellent overnight move on spx from res we marked just before the close
job done

 

[Dentalfloss]

will it recover..??
dax aswell...we nailed that 50% area

 

[Dentalfloss]

dax
updated chart

 

[Dentalfloss]

you can see how we nailed that 50% bounce area
pulled back..now in trend supp
excellent movement...luvin it

 

[Dentalfloss]

spx updated chart

 

[Dentalfloss]

both dax and spx are 1 week of data
you can see the spx ral;lied from horizontal supp area yesterday....straight into prev supp and tanked
we are in trend supp now..lets see if it holds

 

[Dentalfloss]

we are in decision areas...could go either way
bulls need to hold on...lol

 

[Dentalfloss]

31.50 res area we marked yesterday lunchtime on wti/oil working exceptionally well...so far
stop tightened

 

[Dentalfloss]

oil/wti updated chart

 

[Dentalfloss]

oil/wti over last 48 hours
res areas marked

30 psych o level

30.45 area
30.75
trend res at 31.20/red
bulls will be pleased if it closes above 31.00
better still if 31.80 is supp
baker-hughes rig count at 6 pm