Trading with point and figure

[Dentalfloss]

supp in 10767 area..possibly

and a retest of 10796

 

[Dentalfloss]

and a retest of 10796

pump to our 10818 we marked last night

 

[Dentalfloss]

res area looming at 10857..ish

 

[Dentalfloss]

10830 the high..not quite near enough...we had 10857 ish
got it on the retest though
2080 area ...gotcha

 

[Dentalfloss]

US session...
do we tank or do we rally some more ???

 

[Dentalfloss]

We tanked

 

[Dentalfloss]

updated spx chart

 

[Dentalfloss]

break of trend...that does not mean it will tank more
maybe...

 

[Dentalfloss]

a closer look and we can see some cluster areas
2059-2062..price is at that now
2044-2047
2038-2041

trend res at 2072 area

 

[Dentalfloss]

2053-2056 if breaks downwards

 

[Dentalfloss]

2047 area hit
excellent
stops tightened
horizontal supp area ..might be a decent bounce

 

[Dentalfloss]

2047 area hit
excellent
stops tightened
horizontal supp area ..might be a decent bounce

excellent bounce..stop tightened

 

[Moneylender]

Hi guys, just thought I would drop in while still sober!

Tomorrow being black Friday and next week is party, party party, best I wish you all a very merry
Xmas and a prosperous New year.

Looking forward to many more pips in 2016, all the best everyone and stay safe.

Adrian

 

[Dentalfloss]

2047 pivot area working well

 

[Dentalfloss]

2047 pivot area working well

Seems to want to hold..there could be a bullish move

 

[Dentalfloss]

Seems to want to hold..there could be a bullish move

nope...it finally broke
luverly

 

[Atilla]

I think 2040s will hold. Market can't buckle so early. January probably but not just yet. Not so soon.

However, I have been wrong many times before. 🙄

 

[Dentalfloss]

updated spx chart

Posted at 3.30 pm

 

[Dentalfloss]

I think 2040s will hold. Market can't buckle so early. January probably but not just yet. Not so soon.

However, I have been wrong many times before. 🙄

2037 to 2041 area we had marked

 

[Atilla]

2037 to 2041 area we had marked

I have

PP-S1 @ 2047
PP-S2 @ 2025
PP-S3 @ 2010


and currently 2040 seems to be failing too.

It may retrace down to 2010 and hope it does another bounce to 2040 by tomorrow's close.

Market's getting cold feet already.


This rate rise is totally wrong. Emerging markets are stuffed along with the Russian economy. Businesses and nations that have borrowed money in US$ will be paying a high price back to close those debts.

I see move, more as a weapon of war than economic rationale. But that's just me. Fall out may be just around the corner.

Fed's hoping it may lead to price increases being passed on to consumers but I don't understand that reasoning.

🙄