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seak

2,312 Posts.

93

09/02/18

15:20

Post #: 30950530
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Originally posted by seak ↑

Could be some serious support for spi here.

Looking at day figs R down 6112 to lod 5691 equals 421 which is common R for spi. In fact it did 421 R on way up from 5625 , 4/10/17 to 6046, 9/11/17.
This was followed by move down of 119 ticks.
Your gap 5speed at 8012 corresponds to day R of 121. If you look at ranges so far we have had a 121 down into 5732 and a 90R down into 5761. I will also be watching 5819 which is the dead cat R of 128 for day figs. View attachment 960679
Ranges into syco low are135/150/170/200/390 and 431. The 431 is 3 times the 144 it managed up into 5881 on day figs.
Longer term 5494 looks good for interim target, being 618 R from 6112 plus some other indicators.
As always DYOR.
There are no certainties only probabilities
seak

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Good set up for either 5812 and 5821.
Today is also 9th of month and anniversary of 4700 swing low 9/2/16.
Bit of confluence at 85/87 to get through.
seak

XJO Value at posting: 6,026.2
1 Upvote

0 Great analysis

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