SPQ Chart, page-303

@mode1971, Been on the road the last couple of days, so not able to chart. Capper is sitting price on a balance support level and note today's price closed up on short term trend too, as per Point and Figure chart below. Seems a little too sophisticated for retail. So, maybe in buy zone for bigger players if you look at the symmetry of the consolidation up and down a few levels for the last few months.

The cap has shifted the Elliot Wave trend to the right on the replot, but marginally at best, as I indicated a few days ago, we could experience a slight pullback. Note the Elliot Wave chart is modified to cut noise and does not show small fluctuations. The predicted trend remains. All waiting for new fundamentals. Large regimen to play with by capper and delay is their friend if they hold a few. Temporary, assuming results are as expected. No leaks as volume too low.

Coming to the daily on the standard chart what we have in play is a parabolic pattern and a small pullback to the 23.6 Fib. This is very sound. The positive parabolic SAR has been in play for some time which also says the upward trend is continuing. Price is sitting comfortably above 50 ema and 150 ema and well above normal golden fib ratio which is a re-worked short term Fib and well above the long term golden Fib. I also noted but did not plot various RSI ratios but commented on the standard chart as to their effect. Key point is RSI 14 well above 50, so sound.

However, the TA will not drive this until the new fundamentals are in. Friday tomorrow and short termers don't hold over the weekend. The manipulation of the capper in the meantime is at play. Probability, not certainty.