Trading with point and figure

[Moneylender]

This is where we are now!

 

[Dentalfloss]

there is a prev supp in
9750-9765
9702 is now minor supp

 

[Dentalfloss]

1 min spx over last 24 hours
no sign of any nastiness as yet

 

[Dentalfloss]

2005 supp if it breaks down
2012 holding it...so far
may get a fake..though

 

[Dentalfloss]

1 min dax
latest push upwards...latest trend just about to get tested
minor test at 9755 area
9750 breakout point

 

[Dentalfloss]

dax
9845-9900/red...a oump or dump area
then 9900-9955/purple

 

[Moneylender]

dax
9845-9900/red...a oump or dump area
then 9900-9955/purple

Dump!

Chart gone AWOL

 

[Dentalfloss]

spx needs a test of 2016 area
and 1998-2004
think both might get tested today
who knows

 

[Dentalfloss]

spx needs a test of 2016 area
and 1998-2004
think both might get tested today
who knows

into our 2016 area..lets see what happens

 

[Dentalfloss]

should be in res now at 2016

 

[Dentalfloss]

should be in res now at 2016

nope..who cares
maybe 2022
who knows

 

[Dentalfloss]

nope..who cares
maybe 2022
who knows

2022 nailed

 

[Dentalfloss]

dax
updated chart
coming into some minor trend res
a stack of overhead horizontal res
Note the long columns/up and down from Draghi...that has confused us a bit..lol...we will work it out..lol

if price breaks above red minor trendline...watch the pullback..if it stays above ..a sign of strength

9900-9945 area
then 10k
10060-10125

 

[Dentalfloss]

mark the overhead horizontal res...not shown on this chart
any breakdown will test the aqua trendline at 9807 area
basically..price needs to stay above 9800 area to satisfy the bulls..short term

supports at 9765 and 9720..green

 

[Dentalfloss]

spx into the open

we either break higher...could be a false break
or test the pivot/aqua horizontal at 2012/2014 area
another pivot area below at 2005/hit Friday
weakness if that yellow trendline acts as res

 

[Dentalfloss]

dax into the open
the move up after Draghi
we either break higher
2 pivot areas marked/aqua horizontal at 9840 and 9760 areas
first sign of weakness if yellow trendline area becomes res

 

[Dentalfloss]

indices still got the oil bug
oil/wti shows the uptrend from 1st March

trend supp/aqua at 37.84 area
38.20 pivot
39.00 res
a break above 39.00 really needs to have red trendline as supp

 

[Moneylender]

How we closed Fri

 

[Dentalfloss]

http://leavittbrothers.com/pdfs/LB weekly 20160313.pdf


market internals saying market has legs...from Jason Leavitt

 

[Dentalfloss]

How we closed Fri

a close up on the chart you posted
from wed 10th March
trend supp at 9840 area
pivot 9816-9828 area
green 9804 area
prev supp 9924-9936 area
bulls seem to have it..despite Draghi