Trading with point and figure

[Dentalfloss]

spx into the open
48 hours of data
trend shown

 

[Dentalfloss]

no sign of a top...the most you might get is scalps from that pump/dump...red line
a top might form

 

[Dentalfloss]

change inputs

 

[Dentalfloss]

thinking we could take out 2100 and go to 2107 and even 2114
at some point bulls will need a test

 

[Dentalfloss]

cable
not too much damage from Mark Carney..if 1.3200 area is supported

pumping...finally
posted at 7.56am

 

[Dentalfloss]

pump into 2107 area as we marked
excellent

 

[Dentalfloss]

not quite 2107..yet
stops tightened

 

[Dentalfloss]

stopped out
excellent run

 

[Dentalfloss]

closed too early..lol

 

[Dentalfloss]

gilt price goin up/yields down
could be atop in..too early to tell
not great for gbp crosses
lets see what happens[/QUOTEgbp dumped again from our 1.3350 rez area
excellent result

 

[Dentalfloss]

slightly out on our rez
we had 2107...2109.4 the high
dumping nicely now
dax 9800 marked this morning...in and out

 

[Dentalfloss]

dax over the last month
trends shown

 

[Dentalfloss]

dax
a closer look

 

[Dentalfloss]

DAx in an uptrend from the latest chart
9678-9700 seems to be a decent support

9800..poss rez/round
then 9849-9873 area
9900/round
then 9923-9947
up to 10k possible
who knows...lol

 

[Dentalfloss]

spx
some well defined areas on the chart

 

[Dentalfloss]

spx has a well defined uptrend since 27th june
5 minute data
we either break higher or test the pivot areas marked/aqua
first sign of trouble is pivot rez
other sign,,,,that internal trendline/aqua will get taken out
even more bearish if price has aqua trendline as rez
goin either way

2096 area is a test of green trend
possibly due a pullback....bears really not been tested.....DONT BANK ON THAT

 

[Dentalfloss]

a much clearer veiw
price moved away from the green trendline and produced a new uptrend...defined by internal trendline/aqua
red is pump/dump area

 

[Dentalfloss]

spx could pump 2105-2110/red.....or fake
turns nasty if aqua/2100 becomes rez

it is not a screamin short/long scenario....more a fumble....lol

 

[Atilla]

spx could pump 2105-2110/red.....or fake
turns nasty if aqua/2100 becomes rez

it is not a screamin short/long scenario....more a fumble....lol

I reckon it's all down to the news these days. In US, UK and the EU. Next week should be interesting. 🙂

 

[Dentalfloss]

dax into the open
a stack of support areas...green trendline / internal trendlines /aqua and horizontal supp areas marked
shows the uptrend that started on 27th June

9648-9666 another supp area