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You're welcome. I'm using S&P cash CFD which is similar to SPX but it has longer trading hours same as Futures. So the values are different from SPX. If you plot the continuous ES chart, you can plot the same lines. I was asked this question many times so I will now plot my charts on ES after today. SPX is not tradeable so I don't chart it.
Wheat if the red rectangle breaks up, yes it should go up from here and that's my expectation. Gold's sideways action tells me that it shouldn't go much more lower than 1100 but it will not go up and make new all time highs either.
What scale are you using on the S&P. My trendlines don't line up the same way.
ReplyDeleteThanks for all you do.
You're welcome.
ReplyDeleteI'm using S&P cash CFD which is similar to SPX but it has longer trading hours same as Futures. So the values are different from SPX. If you plot the continuous ES chart, you can plot the same lines. I was asked this question many times so I will now plot my charts on ES after today. SPX is not tradeable so I don't chart it.
Is Wheat hitting resistance and headed lower from here?
ReplyDeleteAnd Gold, both charts look very scary. Where do you see it going from here?
Wheat if the red rectangle breaks up, yes it should go up from here and that's my expectation.
ReplyDeleteGold's sideways action tells me that it shouldn't go much more lower than 1100 but it will not go up and make new all time highs either.