Trading with point and figure

[MichaelJohnFX]

18495-18471 - dow

 

[Dentalfloss]

DOW into the open
our supp area got hit this morning

 

[MichaelJohnFX]

2175 - SPX should be decent support

 

[Dentalfloss]

there is an additional rez area

 

[Dentalfloss]

note 18538 area became rez and plummet
excellent

 

[Dentalfloss]

dow
straight into trend supp

 

[Dentalfloss]

18473 is a horizontal supp area

 

[Dentalfloss]

dax
overcooked ??

 

[Dentalfloss]

Jeff York
vix at yearly support

 

[Moneylender]

20 mins to FED, fingers on the button

 

[Dentalfloss]

Jeff York
vix at yearly support

do we sell off ??

 

[Atilla]

Looking like a sell to me.
Start of a new down-trend dawning imo.

Just not sure about levels at the moment. I reckon the market's simply thinking of sending some signals to deter Fed away from any rate hikes yet again. Rewind and replay

 

[Dentalfloss]

mornin

 

[f2calv]

morning, I am of the mind that yesterdays price action was just a stop hunt/bull test, found some good dax support at 10520 with dax resistance at 10630-10640 then 10700

 

[Dentalfloss]

DOW over last 2 weeks

 

[Dentalfloss]

dow
no sign of a downtrend as yet
its how it deals with that trend rez/red into 18600-18610 area

 

[Dentalfloss]

a closer look
1 week of data
it recoiled from our marked 18473 yesterady and started a new minor uptrend

 

[Dentalfloss]

ABOVe 18600 IS REZ.possibly

 

[NickBk]

morning, I am of the mind that yesterdays price action was just a stop hunt/bull test, found some good dax support at 10520 with dax resistance at 10630-10640 then 10700

Agree that 625/30 was key yesterday, through that and 680-720 beckons.

 

[Dentalfloss]

no signal to short as yet...uneless scalps
that minor uptrend before FOMC flushed out a few bears
we just to look for that minor uptrend to burn out