Loading ...Parabolic Support?
Sorry for the chicken scratch charts. Most of these lines were just for my personal research. Didn’t mean to share these and don’t have the time or care to clean them up.
I found the same parabolic support for all the major stock indices and feel compelled to share. Will they hold?
Thanks for sharing:-)
Thanks Chuck. We could be consolidating gains and grinding right through summer.
The USD is getting quite the boost. But, is it going to kill most in its path? That’s one I keep scratching my head over. Almost seems if the US can hang on and continue doing well in the markets (one step forward 1/2 step back) while the rest of the world treads water at best, does this help Trump at the negotiating table on foreign trade issues? You almost wonder whether that’s part of the plan as Trump wants to control everything from the FED to the USD.
Hmmm. Lot to think about.
I’ve always thought the USD and US markets would excel as the rest of the world crumbled.
That’s the only thing that has made sense to me since I also believe commodities will crash.
That’s what we saw I the 90’s. higher dollar and soaring US markets.
That’s why we call you Parabolic Chuck.
Pretty picture! I agree on bounce here, but for other reasons!
SPX Futures 4HR:
https://www.tradingview.com/x/49LgQdB0/
I am targeting the weekly ATR Trailing Stop above at 2810.
https://www.tradingview.com/x/2LCGExTa/
I see two possible scenarios of how this can play.
https://www.tradingview.com/x/jBgbTAgZ/
Thanks for sharing all Mort!