I've been monitoring this for a while and can't see any use in it at all. For example today:
For Friday, there may or may not be additional upside. If present, upside should be limited to resistance near 8800, 8900 or 9040 at the most though one of the first two levels are more likely to hold. Support below is near 8640 and then 8480 and a move below this level is bearish as it could lead quickly back to 8250 support.
So basically, it could go up...a bit, or a lot, or it could go down a bit too.
I refer to Ed Downs Signal Watch daily and find his analysis very good but am I missing something with the Raptor interpretation of the markets???
Wideboy
For Friday, there may or may not be additional upside. If present, upside should be limited to resistance near 8800, 8900 or 9040 at the most though one of the first two levels are more likely to hold. Support below is near 8640 and then 8480 and a move below this level is bearish as it could lead quickly back to 8250 support.
So basically, it could go up...a bit, or a lot, or it could go down a bit too.
I refer to Ed Downs Signal Watch daily and find his analysis very good but am I missing something with the Raptor interpretation of the markets???
Wideboy