DrStool Posted July 20, 2018 Report Share Posted July 20, 2018 The slope is .10 every 10 minutes. Link to comment Share on other sites More sharing options...
DrStool Posted July 20, 2018 Report Share Posted July 20, 2018 Slight break now. If this is the right shoulder of the right shoulder, its peak is infinitesimally lower than the left shoulder of the right shoulder. That's normally a good sign that this could be a valid reversal. It gets interesting below 2805 (cash SPX) and really interesting if it falls under 2800. The neckline is either 2801 or 2800. If this is the right shoulder of the right shoulder, its peak is infinitesimally lower than the left shoulder of the right shoulder. That's normally a good sign that this could be a valid reversal. It gets interesting below 2805 (cash SPX) and really interesting if it falls under 2800. The neckline is either 2801 or 2800. Link to comment Share on other sites More sharing options...
DrStool Posted July 20, 2018 Report Share Posted July 20, 2018 There's also intraday support indicated at 2804. Link to comment Share on other sites More sharing options...
potatohead Posted July 20, 2018 Report Share Posted July 20, 2018 Slight break now. If this is the right shoulder of the right shoulder, its peak is infinitesimally lower than the left shoulder of the right shoulder. That's normally a good sign that this could be a valid reversal. It gets interesting below 2805 (cash SPX) and really interesting if it falls under 2800. The neckline is either 2801 or 2800. If this is the right shoulder of the right shoulder, its peak is infinitesimally lower than the left shoulder of the right shoulder. That's normally a good sign that this could be a valid reversal. It gets interesting below 2805 (cash SPX) and really interesting if it falls under 2800. The neckline is either 2801 or 2800. With all those shoulders......I am thinking the chart must look like this. Link to comment Share on other sites More sharing options...
DrStool Posted July 20, 2018 Report Share Posted July 20, 2018 Indeed. The right shoulder of the right shoulder has also formed a head and shoulders. I can't recall ever seeing so many nested head and shoulders patterns. Now all that's needed is a breakdown. Below 2800 would do it. Link to comment Share on other sites More sharing options...
DrStool Posted July 20, 2018 Report Share Posted July 20, 2018 5 day cycle projection 2800. Link to comment Share on other sites More sharing options...
MisFit Kid Posted July 20, 2018 Report Share Posted July 20, 2018 Looks like someone has a Lock on SPX 2800 Link to comment Share on other sites More sharing options...
sandy beach Posted July 20, 2018 Report Share Posted July 20, 2018 I'm still flat after selling off all my stock positions but I'm still not feeling it. $TRAN:$UTIL are picking up a bit but they did that before and crashed. XLY:XLP Cyclicals/Staple still not confirming this up move. $SOX was rejected at the 50-day moving average which is bearish. Commodity Chennel Index (CCI) just dipped below 100 for all the major indexes which is very bearish. So if I had to bet I'd say we are heading back down again. CCI has been spot on all year. But it's so close to 100 I think I'll wait until next week and see where we go. I'm heading to the gym. Have a wonderful weekend and enjoy the great outdoors! Cheers! Link to comment Share on other sites More sharing options...
aussiebear Posted July 23, 2018 Author Report Share Posted July 23, 2018 ---> Malingering Monday http://www.capitalstool.com/forums/index.php?showtopic=13284 Link to comment Share on other sites More sharing options...
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