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The only point I could add is that everthing (ndx,naz,nya,spx and dow) except the rut missed the upper bb. That shouldn't have happened to a wave up in a bull market. Very bearish. Like 50 ma taking trip below the 200. When I eyeball the spx 1850,1737 & 1883 pivots, March's S1 1775 is about where the next wave is going.
great job, can you do me a favor and a lot other newbies who follow you if you could mark down support and resistance in numbers in your comments area. it will help a lot. thanks for the great job and sharing.
Those numbers are changing every hour because the channels are obviously diagonal. The support of an ascending channel is always rising with time so you need to plot and watch that channel and act when the support is hit. However, I can give those numbers for the next day hit possibility. I will try and do that.
They are usually 4hrly charts. Smallest is 4hrly, then daily and sometimes weekly such as DAX yesterday. I'm getting very bearish again. Particularly DOW's 15740 is a very key level for a wild bear market to start.
I'm not that bearish yet. I'm expecting a big drop followed by a wave up to higher highs not confirmed by nyad cumulative to create some huge topping patterns.
Kudo's for nailing the rut top, Bouraq
ReplyDeleteWhat timescale do you use 1/2 hour?
The only point I could add is that everthing (ndx,naz,nya,spx and dow) except the rut missed the upper bb. That shouldn't have happened to a wave up in a bull market. Very bearish. Like 50 ma taking trip below the 200. When I eyeball the spx 1850,1737 & 1883 pivots, March's S1 1775 is about where the next wave is going.
great job, can you do me a favor and a lot other newbies who follow you if you could mark down support and resistance in numbers in your comments area. it will help a lot. thanks for the great job and sharing.
ReplyDeleteThose numbers are changing every hour because the channels are obviously diagonal. The support of an ascending channel is always rising with time so you need to plot and watch that channel and act when the support is hit.
ReplyDeleteHowever, I can give those numbers for the next day hit possibility. I will try and do that.
They are usually 4hrly charts. Smallest is 4hrly, then daily and sometimes weekly such as DAX yesterday.
ReplyDeleteI'm getting very bearish again. Particularly DOW's 15740 is a very key level for a wild bear market to start.
I'm not that bearish yet. I'm expecting a big drop followed by a wave up to higher highs not confirmed by nyad cumulative to create some huge topping patterns.
ReplyDelete