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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (28898)

6/2/2018 10:33:26 AM

From: Fintas

Read Replies (1) | Respond to of 41213

Pokersam I'll leave the counts to you and others..

However I'll provide this Pnf chart and it's an 88.88 VB. It helps to support other charts I have put up that suggest the trend is DOWN until it changes UP. And as you point out in your chart many do not see the the longer view of how far the SPX has moved up.

This PNF chart below allows one to see why your downside from the 2766 the 450 points ish. Note I can see a bit higher as discussed on another board. Regardless.

I can also see how your work would allow the spx to drop to the 1810-1836 area.

More importanty from my point of view I want to consider Will enough TIME pass to allow the 1800's to become support OR will that 1800 ish be breached to fill that BIG GAP UP I'm always yakking about in the 1648 area. ( Note there's a smaller one in the 1700's. TWT. IF SO though will that breach result in another leg down to fill that gap at 1648 to end at ?

MS market does have a way of teaching those a lesson who only look up.

Fintas

08	10	16	17
	09	11		18
		12
		13
		14
		15
3078						3078
2997						2997
2916						2916
2835				X		2835
2754				1	O	2754
2673				C	O	2673
2592				B	2	2592
2511				9		2511
2430				6		2430
2349				2		2349
2268				C		2268
2187				8		2187
2106		2		4		2106
2025		B	O	X		2025
1944		6	O	X		1944
1863		2	1			1863
1782		B				1782
1701		8				1701
1620		5				1620
1539		3				1539
1458		9				1458
1377		2				1377
1296	O	1				1296
1215	9	4				1215
1134	O	1				1134
1053	A	9				1053
972	O	7			•	972
891	O	X		•		891
810	B	X	•			810
729	3	•				729
648	•					648
567						567
486						486
	08	10	16	17
	09	11		18
		12