Trading with point and figure

[Dentalfloss]

SPX
areas for a swing trade/short

 

[Dentalfloss]

we have tested 2145 area and pulled back
the higher rez is the sweet spot
it needs to get into 2160 area for a decent bull test
2145 to 2152 is intermed rez area

 

[Dentalfloss]

swing short
we want to see it pump into 2145-2152 first...then it should pullback
bulls will be happy if they see 2132 or above as supp
then wait till it takes out 2152 and goes into 2160 area
the real sweetie should be there
lets see what happens

 

[Dentalfloss]

FTSE
should pump 6940 if spx pumping
into 7K area...then look hard for the sweet spot

 

[Dentalfloss]

dax should pump to 10600 ..then pullback
the sweetie is in 10675 area and above
as per chart posted

 

[Dentalfloss]

DOW
6 months of data

 

[Dentalfloss]

dow..swing short from 18500 area..and above
better if 18538 area
needs to break 18400 and get into that wide horizontal area we marked on the chart
18560 area should be the real sweet spot ..if you can get it
imho

 

[Dentalfloss]

these areas ..it could overshoot...then go back for a test and even a retest

 

[Dentalfloss]

FTSE
more detail on where the goodies are for a swing short...if we get there

 

[Dentalfloss]

amendment to dax
we are in intermed rez now/red trendline break
higher rez area marked

 

[Dentalfloss]

we are in 10656/dax
gettin to 6940
in 2152
these ar intermed rez
bears could get a trap

 

[Dentalfloss]

dow in rez
18500 area
we want tyo get it a bit higher..if poss
a fabulous run ...so far on all index

 

[Dentalfloss]

spx pumpin into our 2160 area...excellent
we could be in overshoot from 2152...lets see

 

[Dentalfloss]

we are there
2162
18530
6940 ftse
10656 dax
lets see if we get a decent signal

 

[Dentalfloss]

stops tightened on all longs

 

[Dentalfloss]

we area ther
2162
18538
6940 ftse
10656 dax
lets see if we get a decent signal

excellent results on all
stops tightened
who cares about a swing trade

 

[Dentalfloss]

stopped out
excellent few
retest the top,,,maybe
and poss re-tank
gotta milk it

 

[Dentalfloss]

milking it...excellent
scalps in and out of our rez areas
as we said it would test and poss retest rez

 

[Dentalfloss]

6920 supporting ftse
2151 on spx
18460 dow
10620 dax
these supp areas could break
lets see

 

[Dentalfloss]

we are there
2162
18530
6940 ftse
10656 dax
lets see if we get a decent signal

spot on...posted at 4.53pm
we had 18538 on dow marked
retesting it now
could get a fake/bull signal