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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (54978)	9/1/2019 5:17:44 PM
From: Doug R	Respond to of 79230

A technical fact for the SPX into the foreseeable future is that it will have to deal with the accelerated downtrend lines on the 3mRSI. An interesting parallel (or fractal) to that profile was also exhibited, at the top, by the daily chart. Breaks below the steepest line result in large single day moves down. This demonstrates that these lines show the magnitude of weight there is on the market and the inflection points where the potential of that weight goes kinetic. This while breaks above the lower lines have not resulted in any recovery from this first step down from the top. Although these lines on the 3dRSI do not stem from a paste of the indicator, the timing of the profile matching the timing of a similar monthly profile lends significance. It is very likely that behavior of the indicator (and price chart) on a daily basis will be very instructive as to the future behavior on a monthly basis.

To: Doug R who wrote (54978)	11/30/2019 2:41:33 PM
From: Doug R	Respond to of 79230

SPX 3mRSI update. Here comes the blow-off top. The signal structure is very solid. And there's the 8mRSI which also met its own requirements for a paste and set a tandem hitch. Last month, the 8 triggered the lead signal. The monthly SPX happens to be a tandem hitch 38 special with the typical signal progression of the 8 leading the 3. The 8's about to go hot. I didn't believe a signal would happen. Especially one with a kicker that I hadn't looked for but...maybe...should have.....however... there it is: