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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: humble1 who wrote (27626)12/31/2017 11:54:52 AM
From: FintasRead Replies (1) of 27762
 
I've often stated that 1343 is a number to focus.

It was hit just before the last admin came in with QE 3.. extended the debt ceiling and off to the races when Bernanke didn't begin the stopping of the taper which the SPX had pulled back to 1566 off the 1700? at that time in 2013.

Although I expected a retrace to 1458 spx which to date has not happened. Sniffle

Your work and others suggest 1343 is a number to consider.

To get there hmm 1458 would have to be hit and breached.

Yet for now I'll just watch to see HOW it gets there and when.

Understanding that 2430/2106/1944..1782/1620/1566 will have to be taken out. That too will support my view that the GAP UP at 1648 was not a RUN AWAY GAP but just a gap to be filled. So what if it will take near 4 plus years to do so. HMM it took near 4 years for POG to hit that 1174 from 1900. All to say.. sooner or later a target gets hit up and down.

This PNF chart shows where MS spx was back in 2011 to July 2012.

Fintas


1448.28 1448.28
1438.56 1438.56
1428.84 1428.84
1419.12 X1419.12
1409.40 XO51409.40
1399.68 XOXO1399.68
1389.96 X4XXO1389.96
1380.24 XOXOXOX1380.24
1370.52 XXOXOXO7XO1370.52
1360.80 XOXOOOXXOXO1360.80
1351.08 XOXOXOXOXO1351.08
1341.36 X3OXOXOXO1341.36
1331.64 X2OXXOXOO1331.64
1321.92 XOXOXOXOX1321.92
1312.20 XOXOXOXO1312.20
1302.48 XOOXOX1302.48
1292.76 XO6X1292.76
1283.04 XXOX1283.04
1273.32 XOX1O1273.32
1263.60 XOXOXXX1263.60
1253.88 XXOXOXOCOX1253.88
1244.16 XOXBXOXOXOX1244.16
1234.44 XOXOXOOXOX1234.44
1224.72 XOOOXOX1224.72
1215.00 XOXOX1215.00
1205.28 XOXO1205.28
1195.56 XOX1195.56
1185.84 XOX1185.84
1176.12 XOX1176.12
1166.40 XO1166.40
1156.68 X1156.68
1146.96 X1146.96
1137.24 X1137.24
1127.52 A1127.52
1117.80 X1117.80
1108.08 X1108.08
1098.36 X1098.36
1088.64 1088.64
1078.92 1078.92
1069.20 1069.20
1112

Fintas
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