FTSE, DAX, DOW Trading Ideas and discussions

chronictrader said:
Ahh sorry, I was talking about from April on SPX. So percentage it's fallen by since April or whenever it topped. Sorry at work so can't work it out (n)
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SPX Daily Chart...
 

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chronictrader said:
It has been observed over the past 3 corrections since 1998, the market has dropped all in July sometime by roughly 20% before continuing on to make a new high. In 2011, market corrected roughly 15 - 20% and made a new high again. S&P has only dropped roughly 9%. The key levels are 1810- 1704. If that holds, the market may go on to see another high. It has been observed over the past 3 corrections, the market has held at support and rallied to make new highs starting at the ending of September / beginning of October. Further downside to come IMHO but watch that 1704/1810.5 levels.

Chart Below
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Based on Atilla's chart we've got 5% to go lol.
 
poop area was 1953 at 3.40 am this morning
we are back at that breakdown point now
1974 area the close on Friday
1953-1974 could be tricky
 
Good bounce. Hourly charts show currently at PP-S1 for both SPX and DAX... Basically below PP.

May still get there. Always love zeros. Don't believe the show is over. :rolleyes:

Wot a day!!! Very intense. Like a chess match feeling mentally exhausted. Fingers tired too. :LOL:
 

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