Trading with point and figure

[Dentalfloss]

1890 needs to be supp..imho

 

[Dentalfloss]

1890 needs to be supp..imho

upside failure at 1890 made it weak...bears in

 

[Dentalfloss]

DAX
since last Monday morning
the trend was down...just
we got some wild bounces that gave us a bit of confusion..NFP being one of them
bounces were short lived

 

[Dentalfloss]

DAX
price action
Thursday...a decent downmove followed by a sideways move
a spike into NFP
bears reasserted control soon after

res areas 9282 and 9352 then 9394
bears need to keep it under 9400 area
support could be anywhere...0200 is a wide horizontal supp area

 

[Moneylender]

Great maps, really helpful.

 

[Dentalfloss]

SPX price action over the last week
trend was down with some wild bounces
bears saw the upside failure on Friday morning at our 1916 area we had marked/Orange horizontal
took control and broke down the price/purple horizontal after US open
bears need to keep the price below 1900 area up to 1915..ish

there is horizontal supp down to 1800 area..could go anywhere
1892 area is 50% of downmove/latest
area of horizontal supp 1856-1864 area

 

[Dentalfloss]

SPX
into the open

 

[Atilla]

I didn't think the data on Friday was that bad given the current climate.

Still feeling we need one last shake out of the bulls unless we see 1864-80 regions broken down in which case I'll join the bears...

I have following weekly PPs:

PR3 @ 1959
PR2 @ 1944
PR1 @ 1927
PP @ 1912
PS1 @ 1896
PS2 @ 1880
PS3 @ 1864

I concur we need to get over 1900s and breach PP @ 1912+.

If bulls fail to get over 1900s then we could see LLs.

 

[Dentalfloss]

DAX
into the open

9400 big res/trend res

 

[Dentalfloss]

a closer look
downmove on FRiday

 

[Dentalfloss]

trend supp /green 9270
aqua 9300
prev supp/poss res 9330
then 9350
purple horizontal/prev supp
then 9400 trend res on prev chart

 

[Dentalfloss]

bulls wnt to get crackin..lol

9254/aqua

 

[Dentalfloss]

spx

 

[Dentalfloss]

trend supp /green 9270
aqua 9300
prev supp/poss res 9330
then 9350
purple horizontal/prev supp
then 9400 trend res on prev chart

excellent movement
from our 9270 supp
right up to our 9330 res
and back again...
posted at 8.05 am
luvin it

 

[Dentalfloss]

into our 9254 area
can it get supported ??

 

[Dentalfloss]

into our 9254 area
can it get supported ??

nope..
but a great scalping pivot

 

[Dentalfloss]

going with the flow....down...lol

 

[Dentalfloss]

updated spx
1864 could be supp area/aqua
got a bit nasty this morning/purple horizontal broke

 

[Dentalfloss]

closed all shorts...great run
no longs as yet..
a bit too volatile for me ...lol

 

[Dentalfloss]

very unusual for me to say its too volatile