Posted by chartboy on 16th of Sep 2020 at 06:18 pm
What should you be considering?
We had a parabolic move and then a correction, which bounced off
Demark’s Propulsion Exhaustion Target of 3329 exactly....now that
the market has reverted to the mean, the bounce appears to be
failing.
There is an open gap to be filled down near 3340.
There is an open gap to be filled near 3260.
The .236 Fib retracement to the lows is 3257.
We closed on the 50% Fib fan line and will likely fail it just
by closing the gap near 3340.
Posted by chartboy on 16th of Sep 2020 at 09:05 pm
As noted earlier, with weak momentum, sitting on a major 50% fib
fan line, and with an open gap below, it is a foregone conclusion
that SPX gap gets tested/filled.
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What should you be considering? We
Posted by chartboy on 16th of Sep 2020 at 06:18 pm
What should you be considering?
We had a parabolic move and then a correction, which bounced off Demark’s Propulsion Exhaustion Target of 3329 exactly....now that the market has reverted to the mean, the bounce appears to be failing.
There is an open gap to be filled down near 3340.
There is an open gap to be filled near 3260.
The .236 Fib retracement to the lows is 3257.
We closed on the 50% Fib fan line and will likely fail it just by closing the gap near 3340.
Futures are up again,maybe they
Posted by lamb on 16th of Sep 2020 at 06:42 pm
Futures are up again,maybe they fade over night?
no so fast lamb, ES
Posted by matt on 16th of Sep 2020 at 09:56 pm
no so fast lamb, ES now down 29
They have now faded ,
Posted by lamb on 16th of Sep 2020 at 08:54 pm
They have now faded , well see if they can consolidate for a change!!
As noted earlier, with weak
Posted by chartboy on 16th of Sep 2020 at 09:05 pm
As noted earlier, with weak momentum, sitting on a major 50% fib fan line, and with an open gap below, it is a foregone conclusion that SPX gap gets tested/filled.