Trading with point and figure

[Dentalfloss]

inthemoneystocks screaming shorts
there is a possible new downtrend that started overnight

 

[Dentalfloss]

red/overnight move on spx

 

[Dentalfloss]

dax
into our 9880 area we marked over the weekend
red is overnight move

 

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excellent so far
our marked areas hit
9880..scalps in and out
9850 area scalps in and out

 

[Dentalfloss]

smack into 9920 horizontal res and back down to our 9880

 

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wham..10k
excellent
10065 a poss res
who knows..lol

 

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thinking that if we get into 2055 area on spx...possibility that bears are waiting there
no guarantees
price currently 2048.5...our res area is 2049-2055 area...that is not a call...just a a possibility..

 

[Dentalfloss]

oil/wti a break of trend on Friday at 5 pm/uk
trend that started on 15th March
not sure how it will impact on stocks/index

in and out of our pivot
excellent

 

[Dentalfloss]

oil/wti bounced from our pivot area ..took index with it
now above 2050/spx..this is where it gets tricky
the nearer we get to 2055.the better..imho

 

[Dentalfloss]

in the 2055 area..now 2054.4 the high
lets see what happens
10088 a prev supp area..it overshot a bit..great for us

 

[Dentalfloss]

in the 2055 area..now 2054.4 the high
lets see what happens
10088 a prev supp area..it overshot a bit..great for us

scalps out of those areas
retests ??

 

[Dentalfloss]

rinsed a few bears this morning...

 

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excellent
2055 res area worked extremely well..in and out
10k on dax as we marked...overshot...made it even better

 

[Dentalfloss]

The S&P has rallied 240 points since bottoming in mid February, and this month it has moved up 11 out of 14 days – heck of a run that can’t last much longer. I’m not saying a top has to be put in place and the lows tested again, I’m just saying a rest is needed.
The internals have done much better on this rally than on the October rally. The AD line and AD volume lines have climbed to higher levels and maintained them. The percentage of stocks trading above various moving averages is much higher. We’ve gotten a huge spike in new highs.
Simply stated, strength is much more broad-based right now than it was last year. This is a great and constructive development that more likely than not will lead to higher prices, even if there is a little weakness in the near term.
Overall I lean to the upside and expect further gains, although we need to be much more careful chasing stocks higher here. More after the open.
from Jason Leavitt

 

[Dentalfloss]

2049-2055
working well....still

 

[Dentalfloss]

DAX this mornings price action.....a fake
you fakers we c ya comin...lol

 

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spx since Friday...rangebound
price coiling..ready for a pop

 

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testing the trend..spx

 

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it really needs to get into 2055 in the US session to test the bulls..imho

 

[Dentalfloss]

oil/wti
trends since 15th MARCH
NOT LOOKIN GREAT..BUT NOT LOOKIN TOO BAD