Trading with point and figure

[Dentalfloss]

9880 area got tested a couple of times...market does not know where to go..lol

 

[Dentalfloss]

SPX

 

[Dentalfloss]

either way

 

[Dentalfloss]

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

wham

 

[Dentalfloss]

hit 2052 area.excellent and out
we really need 2055

 

[Dentalfloss]

hit 2052 area.excellent and out
we really need 2055

Gotcha

 

[Dentalfloss]

updated spx
we tested our res at 2055 area
still no sign of a top..as yet
more pain for bears..possible

 

[Dentalfloss]

we have to look for an upside failure/red
a fake above our 2055 area
test of trend at 2044/aqua

 

[Dentalfloss]

DAX since Draghi
the chart is completely wild..lol
test of trend /aqua is 9900
o

our 10065 res still in play/red

 

[Dentalfloss]

looks like atop was put in on dax yesterday

care with that...
cos its only a minor top

 

[Dentalfloss]

SPX

yikes..
a definite signal to close longs
open shorts ???
more later..lol

 

[Dentalfloss]

spx..break of trend overnight
but...
that is only a signal to close longs
scenario could be
a new uptrend
a pullback
or a new downtrend
dont forget..first move could be a shakeout..lol
we will be ready for all of the above

 

[Dentalfloss]

dax

 

[Dentalfloss]

spx
pullback to pivot area
2048 is poss res area
2024 trend supp

 

[Dentalfloss]

dax
updated chart

 

[Dentalfloss]

9920 area is trend res
9880 breakout area
downtrend reasonably established..as we said earlier..shakeouts possible
lets see

 

[Dentalfloss]

spx rolling over
in supp/green

 

[Dentalfloss]

there is a ton of supp areas down to 2034

 

[Dentalfloss]

if price stays below green..ie on bounce..
things will look better for the bears

 

[Dentalfloss]

spx 1 min
shows the move up from US open today
into res..no sign of a top as yet