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Strategies & Market Trends : Point and Figure Charting

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From: Fintas

10/21/2019 1:28:53 PM

Read Replies (2) of 34809

I'll put up a couple of SPX charts.

This one is the 97.2.

What do you see?

Notice that 5 box reversal I recently referred that took the SPX down to tag the 2430 and as we know stopped in the 2340 ish area. That is when it was obvious the pattern was extended and required a rally UP.

So here we are months later and the upside possibilities can be seen. Just keep in mind at some point this 97.2 will reverse again and one should expect at MINIMUM the 3 box reversal and would it stop there or 4 boxes, 5 boxes. That last time it came very close to a six box reversal. TWT but this I am confident.

SPX will be breached to the downside again.

Fintas

15	17		19
	16	18
3304.8					3304.8
3207.6					3207.6
3110.4					3110.4
3013.2				7	3013.2
2916.0		8		4	2916.0
2818.8		X	O	3	2818.8
2721.6		1	O	2	2721.6
2624.4		B	A	X	2624.4
2527.2		A	C	X	2527.2
2430.0		6	O		2430.0
2332.8		2			2332.8
2235.6		C			2235.6
2138.4	O	7			2138.4
2041.2	8	X		•	2041.2
1944.0	O	X	•		1944.0
1846.8	1	•			1846.8
1749.6	•				1749.6
1652.4					1652.4
1555.2					1555.2
	15	17		19

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