Trading with point and figure

spx..the bigger picture
bulls happy if purple trendline supports any upmove

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Just got home, I see you been on your own most of the day. Plenty of pips for the hanger though?
 
careful

you can read it either way
a top is in and its retesting resistance
or
a pullback to test the bulls and up we go again
 
scenarios
a decent pump that takes the red res line as supp...bulls happy
a fake and red fails
a fake dump
a new downtrend and we see aqua as res
all scenarios are possible
no hunches....lol
 
from those inputs
prev supp starts at 9684 area
trend res 9696 area
9624 minor trend supp
aqua 9600
9576 is green
keep an eye on lilac line area..mark that on candle charts...if we get a deeper pullback..bulls happy if lilac holds in 9480 area
lets see
first is 9550/round..then 9504..ish
anything possible today
 
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