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Strategies & Market Trends : Point and Figure Charting

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From: Fintas4/3/2017 11:24:03 PM
   of 34823
 
HEY FINTAS .. you one horse pony. How about the SPX.

Here's the TECH INDICATORS of the SPX. You will note the 10 week also has an exclamation point next to it. It too is near turning to 0'S. IF so then one best be prepared for DOWN.

I'll put up the chart of the 10 week after this to help see the DEPTH.

On an aside the near term will react quickly to up or down but the LARGER chart of 10 wk/ 30wk/40 wk CONTROL long term direction.

I've enjoyed the ride up but I am very cognizant that many are NOT making new highs.

Bullish Percent ^BPSPX70.89% (-0.20)70%Buy in OsBull Confirmed
Positive Trend ^PTSPX79.84% (+0.04)80%Buy in XsBull Confirmed
RS in Xs ^RSXSPX48.62% (-0.29)48%Buy in OsBull Correction
RS Positive ^RSPSPX52.17% (-0.11)52%Buy in XsBull Confirmed
! 10 Week ^TWSPX54.15% (-5.26)60%Sell in XsBear Correction
30 Week ^30SPX73.12% (-2.72)72%Buy in OsBull Confirmed
40 Week ^40SPX74.70% (-1.54)74%Buy in OsBull Confirmed
Pct Positive Weekly Momentum ^MOSPX20.75% (-2.22)20%Sell in OsBear Confirmed
Weekly Distribution ^WDSPX
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