Trading with point and figure

[Dentalfloss]

spx
here is a good chart
2 weeks data

 

[Dentalfloss]

bears thinking its a bull trap....but it has not played out as a trap

 

[Dentalfloss]

it could do....

 

[Dentalfloss]

test of 2068 area

 

[Atilla]

PP is at 11348.

Thinking PP-R1 @ 11445 likely to be tested again today.

PP-R2 @ 11528 seems like too much of a stretch but who knows with mention of two little letters 'Q' & 'E' we may get there!

On the down-side have PP-S1 @ 11265 if PP fails to hold.

 

[Atilla]

SPX - Daily PPs - 4H chart

Moving sideways into a narrowing wedge along PP @ 2088 for some time now.

Range is mainly between 2080 - 2100.

Any breakout to either will be contained and limited imo. Treading water waiting for news and new direction.

:whistling

 

[Dentalfloss]

trend supp in 11330 area
11310-11325 is a breakout/prev res area

 

[Atilla]

trend supp in 11330 area

Yes on the 1H charts that is strong support.

 

[Dentalfloss]

11375 - `11388 is a poss re area
otherwise 11400
strong supports underneath

 

[Dentalfloss]

in our 11330 area
now what ??

 

[Dentalfloss]

scalps in and out

 

[Dentalfloss]

decent bounce
stop tightened

 

[Dentalfloss]

stopped out for decent points

 

[Dentalfloss]

trend supp in 11330 area
11310-11325 is a breakout/prev res area

working nicely
back in for retest of 11360, area

 

[Dentalfloss]

in 11360 area
stop tightened

 

[Dentalfloss]

stopped out for decent points

 

[Moneylender]

stopped out for decent points

:smart::smart::smart:

 

[Moneylender]

11375 - `11388 is a poss re area

Closed a long here for some

 

[Dentalfloss]

Excellent rally
Aďdedd a few more

 

[Dentalfloss]

11375 - `11388 is a poss re area

Closed a long here for some

shedfulls....