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Is your SPX chart in Log or arithmetic scale? Trying to figure out how our lower trend lines don't match up. http://slopeofhope.com/2014/07/fresh-ideas-part-one-of-four.html#c1787225
I guess I should stop calling it SPX because mine is a non-expiring cash CFD which is similar to SPX but with longer trading hours. It's offered by my broker bank and priced by them. Nevertheless, I also plotted the chart from stockcharts and this is what I got. It's not too far but still not as good as I posted in my post.
Thx for charts. It looks like the BEARISH task that's being going on for some months is not valid anymore looking at channels except RUT as RUT needs to break down to 1080 before any further actions.
Which "bearish task" ? I will keep calling the resistances and supports every time I see them. European indices are looking weaker everyday and US will not be immune from them. If SPX cannot make a new high and comes back down it would be very bearish.
Is your SPX chart in Log or arithmetic scale? Trying to figure out how our lower trend lines don't match up.
ReplyDeletehttp://slopeofhope.com/2014/07/fresh-ideas-part-one-of-four.html#c1787225
Sir, Do you have an idea about NDX? Kindest.
ReplyDeleteI guess I should stop calling it SPX because mine is a non-expiring cash CFD which is similar to SPX but with longer trading hours. It's offered by my broker bank and priced by them. Nevertheless, I also plotted the chart from stockcharts and this is what I got. It's not too far but still not as good as I posted in my post.
ReplyDeleteThx for charts. It looks like the BEARISH task that's being going on for some months is not valid anymore looking at channels except RUT as RUT needs to break down to 1080 before any further actions.
ReplyDeletePlease comment.
Which "bearish task" ? I will keep calling the resistances and supports every time I see them.
ReplyDeleteEuropean indices are looking weaker everyday and US will not be immune from them. If SPX cannot make a new high and comes back down it would be very bearish.
Hi,
ReplyDeleteFrom lots of blogs I follow on Elliott Wave , big correction is very near purely from EW point of view, hence the Bearish Talk.
Otherwise I combine channeling + EW + some technicals to trade.
Thx anyways from great charts
WTI should be @ 94 before a reversal to all time highs based on EW
ReplyDeleteSir, Do you have a good idea about WTI? Kindest
ReplyDelete