Trading with point and figure

[Dentalfloss]

cable pumpin nicely off our 1.3020 prev rez..became supp this morning

 

[Dentalfloss]

Starting to look like a top is forming but care is needed for Bears

excellent..now you know how to look for the tops/bottoms
once formed..then change from scalps to swing

 

[MichaelJohnFX]

Starting to look like a top is forming but care is needed for Bears

Thanks money. That horizontal red line really needs to be effectively defended imho

 

[Dentalfloss]

still not quite a top...but it could tank quite easily without any recoil

10672 is trend rez area

 

[Dentalfloss]

according to David larew...a bullish formation on VIX

 

[Dentalfloss]

the vix seems to be what the big Cahonas are using

there is also a bullish resistance line on weekly spx candle/red


lets see what happens

 

[Dentalfloss]

DOW into the open

 

[Dentalfloss]

1.3100 rez
back down to our 1.3020 supp area
excellent

 

[Dentalfloss]

vix wnts to break upwards

 

[f2calv]

vix wnts to break upwards

If uvxy stays green, we might be in for some healthy selling... finally.

https://www.google.co.uk/finance?q=NYSEARCA:UVXY

 

[Dentalfloss]

dump..finally
straight into our 18486 supp area
excellent

 

[Dentalfloss]

vix got a little bit more to pump before it hits rez

 

[f2calv]

dump..finally
straight into our 18486 supp area
excellent

I have 18445 and 18410 as next stops below, does that look about right?

 

[Dentalfloss]

dow in supp now

 

[Moneylender]

18400 is the obvious target next if the down move continues. but we have to break 18487/90 first
There now.

 

[Dentalfloss]

I have 18445 and 18410 as next stops below, does that look about right?

yes sir

 

[Moneylender]

Getting close up and personal all the levels are standing out.

 

[Dentalfloss]

Getting close up and personal all the levels are standing out.

mark the levels please

 

[Moneylender]

Like this?

 

[Dentalfloss]

Like this?

Great