personthing19

personthing19 Updated 

Circled break of support with relatively weak buy back. Expecting ranging as low as 9.4k before a larger scale retracement upwards.

personthing19 Updated 

Expecting a multi-day pullback before breaking 9k. Invalidated with any near term close under 9.5k

personthing19

Looking for a pull back to confirm 10k support. If we bounce there, expect a fight at 10250.

personthing19

Latest down leg has lasted 2x usual time, so expecting a health pull back. Confluence with 10.6k is strong, as that would be both a .618 retracement and confirmation of bear trend if we get rejected there. Could take as long as 2/3 days. Invalidated with close under 9.8k.

personthing19 Updated 

This first leg of the bull run, lasting 85 days, has already seen a 50% retracement. Expecting the complete retracement to take roughly half to two thirds of the time (~40-50 days), and most likely kiss the golden retracement (.618) at 7800. This target has confluence with CME gap closing, and more importantly, bring us down to confirm the major support structure...

personthing19

Looking for rejection under 0.5 retrace - 10.4k. Once resistance is confirmed, expect ranging in 10.2-10.3 followed by (eventual) retest of 10k. Invalidated with breach of 10.4k.

personthing19

Looking for close below 10.4 to follow with test of 10.0, else test 10.8k.

personthing19

Expecting a neutral daily close in the 10.2-10.5 area, followed by 2-3 days of trending given by probabilities on chart. Close in boxed regions suggest further subsequent movement indicated by respective arrow. Bearish bias due to macro trend still intact.

personthing19

Micro bear trend just broken, once S/R flip confirmed, expecting attack on 10.8k.

personthing19

Expecting another test of 10.8k. 75% chance of rejection based on last month of bear trend. Short target mid 9k if rejection 10.8k and neckline break of ~10.3k confirmed. Invalidated if 4 hourly close above 10.8k.

personthing19

Expect a daily close around 10,500 for maximum ambiguity regarding continuation of bearish trend vs reversal. My bearish bias is still intact though as no close above 11,100. Expecting sub 9k within a week.