Trading with point and figure

[Dentalfloss]

oil/wti
1 week of data
31.40 area is aqua supp/prev breakout
32.04 trend res
pivot area in 32.40 ish
31.50 supp area..testing that now
31.20-31.50 ..there should be decent supp...lets see what happens

 

[Moneylender]

8am open

 

[Dentalfloss]

spx

2 days of data

 

[Dentalfloss]

testing 9240 area now
opening move
up to 9300 and maybe 9340 to test the bears
or..
down to 9200 for a bull test

excellent...
first move up to test 9300 and scalp out aswell

 

[Dentalfloss]

bulls did not come in..so back down....excellent

 

[Dentalfloss]

those first moves are excellent for morale
they set you up for the day in a happy mood
or..
if you have a low number as a daily target..then you get your fill before 9am

 

[Dentalfloss]

and into our 9200 supp
and 1922 we markedaswell
excellent stuf
luvin it
no direction as yet...who cares

 

[Dentalfloss]

bounce aswell
excellent

 

[Dentalfloss]

our 31.40 area seems to want to hold...
lets see what happens
9200 and 1922 holding
nowt else...lol

 

[Dentalfloss]

bounce from our 31.40..took the index with it
luvin it

 

[Dentalfloss]

dax
range is tightening...ready for a pop

data from Monday

 

[Moneylender]

dax
range is tightening...ready for a pop


Up or down though?

 

[Dentalfloss]

res starts from 0310-9348..then 9367 and 9386
then 9400...9424 area
supp 9234-9253..then 9200 area
could go either way
or..
a false break and a recoil back in and shoot out the other side

 

[Dentalfloss]

dax
range is tightening...ready for a pop


Up or down though?

oil/wti updated

 

[Dentalfloss]

oil/wti looks like it wants to pop that trend res
could go to 32.40 prev supp
pullback needs to stay bullish
imho..no guarantees

 

[Dentalfloss]

spx updated

 

[Dentalfloss]

all looks a bit bullish
oil/wti has a stack of res..if it breaks look at the p/b

 

[Atilla]

Would like to see spx break above 1940-42 levels and reach out to 50s...

Seeing mixed signals.

Oil is looking weak.

Gold is coming off the boil too.

6% drop in China??? Should we be concerned. No not if they let it drop and then it may bounce. Damn fools the harder they try to keep it up the faster it will fall.

 

[Dentalfloss]

Spx might have the China syndrome

 

[Dentalfloss]

Test 1922 area
Bad bounce....bears in
No guarantees
Looking like it has started a new downtrend on 1 min...not clear