Monday’s high was a Fibonacci retracement of the x-pulse is now a price fractal high since Tuesday was an inside day and Wednesday downtrending. The stop (Wilder’s Parabolic SAR) on the system’s theoretical short is at 1362.17 and has not yet been hit. The system being developed is for intermediate term position/swing trading; not for day or short-term tradingThe cash S&P500 is now just above short-term support at 1334-1335 (Fibonacci and intermediate term moving average). Repeating …. The price pulse model says a likely place for the y-pulse to complete is in the resistance zone between 1369 and 1388.
No comments:
Post a Comment