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Strategies & Market Trends : Point and Figure Charting

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From: Fintas8/9/2019 11:11:55 AM
1 Recommendation

Recommended By
toccodolce

   of 34822
 
SPX 2916 is a key number I use.

This is a 4.86 VB.

ADD O's with the touch of the 2916 today.

Notice below the 2754.

And how that works with the 54 VB.

Throw in there's lots of room for many to pull back.

That SPX PT hasn't turned to O's yet but it's VERY VERY CLOSE.

When it does, then I'll be expecting it to break DOWN.

As that happens I'll be expecting other indicators to roll over from lofty positions which allows for room to head down. The only indicator that is not at it's low is the NEAR TERM MOMO. IT bounce to the 25 but that's a long ways from the 80. So it could continue higher as some who just love to chase the trade pile in.

OK by me. SOMEONE has to buy.

However if one is playing the SPXS. SQQQ, SDOW tis best to let the unaware push the indexes up to allow a cleaner entry. RE SQQQ. Any still thinking 5 pre reverse split or 20 is going to be hit. I hope they are not holding their breath. The question for the SQQQ is does it run from here to take out the 50 or from a tad lower?. IMO

Fintas

3045.60 3045.60
3039.12 3039.12
3032.64 3032.64
3026.16 X3026.16
3019.68 XO3019.68
3013.20 XXO3013.20
3006.72 XOXO3006.72
3000.24 XOXXO3000.24
2993.76 XXOXOXO2993.76
2987.28 XOXOXOXO2987.28
2980.80 XOXOXOO2980.80
2974.32 XOXOO2974.32
2967.84 XOO2967.84
2961.36 XXO2961.36
2954.88 XOX82954.88
2948.40 X5XO7O2948.40
2941.92 XOXOXXOXO2941.92
2935.44 XXOXOXOXOXOX2935.44
2928.96 XOXOOXOXOXOX2928.96
2922.48 XOXOXOXOXOX2922.48
2916.00 XXOOXOXOOX2916.00
2909.52 XOXOXOXXOX2909.52
2903.04 XOXOOXOXOX2903.04
2896.56 XOOXXOXOX2896.56
2890.08 XOXOXXOXOX2890.08
2883.60 XOXOXOXOXOX2883.60
2877.12 XOXOXOXOOX2877.12
2870.64 XOXOXOXOX2870.64
2864.16 XOOXOXXOX2864.16
2857.68 XXOXOXOXOX2857.68
2851.20 XXOXOXOXOXOX2851.20
2844.72 XOXOXOXOXOXOX2844.72
2838.24 XOXO4OXOXOXXOX2838.24
2831.76 XOXOXOXOOXOXOX2831.76
2825.28 XOXOXXOXOXOXO2825.28
2818.80 XOOXOXOXOXOX2818.80
2812.32 XXXOXOXOXOXOX2812.32
2805.84 XOXOXOXOXOOOX2805.84
2799.36 XO3OXOXOXOX2799.36
2792.88 OXOXOXOXOOXX2792.88
2786.40 OXXOXOXOOXOX2786.40
2779.92 OXOXOOXOXOX2779.92
2773.44 OXOXOXOXOX2773.44
2766.96 OXOOXOOX2766.96
2760.48 OXXOXOX2760.48
2754.00 OXOXOXOX2754.00
2747.52 OXOXOX6X2747.52
2741.04 OXOXOXOX2741.04
2734.56 OXXOOXO2734.56
2728.08 OXOXO2728.08
2721.60 OXOX2721.60
2715.12 O2OX2715.12
2708.64 OXOX2708.64
2702.16 OXXOX2702.16
2695.68 CXOXOX2695.68
2689.20 OXOXOX2689.20
2682.72 OXOXXO2682.72
2676.24 OXOXOX2676.24
2669.76 OXOXOXXX2669.76
2663.28 OXOXOXOXOX2663.28
2656.80 OXOXOXOXOX2656.80
2650.32 OXOXOXOXXOX2650.32
2643.84 OXOXOXOXOXOX2643.84
2637.36 OXOXOXOXOXOX2637.36
2630.88 OXOXOXOXOOX2630.88
2624.40 OOXOXOXO2624.40
2617.92 OXOXO2617.92
2611.44 OXOX2611.44
2604.96 OXOX2604.96
2598.48 OXOX2598.48
2592.00 OXOXXX2592.00
2585.52 OOXOXOX2585.52
2579.04 OXXOXOX2579.04
2572.56 OXOXOXO2572.56
2566.08 OXOXO2566.08
2559.60 OXOX2559.60
2553.12 OXOX2553.12
2546.64 OXOX2546.64
2540.16 OXOX2540.16
2533.68 OOX2533.68
2527.20 OX2527.20
2520.72 OX2520.72
2514.24 OXX2514.24
2507.76 OXOX2507.76
2501.28 OXOX2501.28
2494.80 OXOX2494.80
2488.32 OXOX2488.32
2481.84 OX1X2481.84
2475.36 OXOX2475.36
2468.88 OXOX2468.88
2462.40 OXOX2462.40
2455.92 OXOX2455.92
2449.44 OXO2449.44
2442.96 OX2442.96
2436.48 OX2436.48
2430.00 OX2430.00
2423.52 OX2423.52
2417.04 OX2417.04
2410.56 OX2410.56
2404.08 OX2404.08
2397.60 OX2397.60
2391.12 OX2391.12
2384.64 OX2384.64
2378.16 OX2378.16
2371.68 OX2371.68
2365.20 OX2365.20
2358.72 OX2358.72
2352.24 O2352.24
2345.76 2345.76
2339.28
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