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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (55224)10/2/2019 12:21:38 PM
From: Woody  Read Replies (1) of 79180
 
Nice trade on yer shorts and your boing could very well start between 1:30 and 2:30 P.M. so we'll see. Time wise it looks like a weekly chart is in "control" so this very well could last till the week of the 21st. with a test of the 2740 area first and if that doesn't hold then the 2526 area comes into play so that could be yer large down.

On a side note, I have the 75% retrace to the low of the week of 06/07/19 or 2346.58 at 2617 and it happens to be where two different weekly fork mid tines intersect so it should provide good support but I hope it's not needed.
Woody
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