Trading with point and figure

[Dentalfloss]

18150 held
lets see if the bulls have clout

 

[Dentalfloss]

retest 18150...even better

 

[Dentalfloss]

retest 18150...even better

that failed
and another trap
as we always say..dont call levels

 

[Dentalfloss]

DOW yesterday

as you can see there was no bounce to speak of in that downtrend

 

[Dentalfloss]

falling knives..w caught them ...so far

caught them at supp and we went in when they fell again

 

[Dentalfloss]

dow since 4th July

in a pivot area now...will it hold..

 

[Dentalfloss]

poss scenario for next week

 

[Dentalfloss]

that bear trap area goes down to 17700
first test of rez is 18150

 

[Dentalfloss]

cable
should bounce between those marked pivots...lets see what happens

 

[Dentalfloss]

eurusd in a decent supp area...lets see if it holds
trends shown
rez marked..1.1310 area above

 

[Dentalfloss]

gbpjpy
trends shown
and supp/res
starts turning nasty if 136.00 area becomes rez

 

[Dentalfloss]

oil/wti
trends shown
supp/rez marked

 

[Dentalfloss]

eurgbp..lookin reasonably bullish

 

[Dentalfloss]

SPX into the ope
in theory...we bounce
oversold
into supp area/aqua horizontals
one of the horizontal counts ..target achieved
lets see what happens
2150 rez seems to be a decent bull test
swing traders...if you get a decent signal to go long/tomorrow....no guarantees

data from 20th June
first test of rez is the higher aqua in 2125-2128 area,,then 2135-213
supp showing at 2116-2119 area8 area

poss gap up tonight..then we look at any pullback

 

[Dentalfloss]

ftse in a pivot area

first rez marked...if it bounces

 

[Dentalfloss]

dax

 

[Dentalfloss]

http://leavittbrothers.com/pdfs/LB weekly 20160911.pdf

 

[f2calv]

http://leavittbrothers.com/pdfs/LB weekly 20160911.pdf

Looking at the way the havens behaved (Gold, USDJPY and EURUSD) on Friday, there was no clear "flight to safety". The indexes sold off gradually all day with a bit of a dump at the end of the US session - but hey who wants to hold over the weekend anyway right?

IG Sunday markets have basically gone no-where today, barely into double-digits, so as little as I trust IG market making anyway it's something to bear in mind.

Basically Jason Leavitt seems to be saying BTFD and I would be inclined to agree, there is sure going to be some volatility on the open that's for certain, maybe worth waiting for turnaround Tuesday or just buying some slightly OTM Calls and logging off for the rest of the week.

Gl all.

 

[Dentalfloss]

mornin folks

 

[Dentalfloss]

ftse updated
break of that internal trend/aqua
rez/prev supp 6710-6732 area