8 replies to this topic

[SemiBizz]

By my calculations we have the approximate 3.61X pivot of the Trump Rally at 6371...

 

We closed under yesterday for the first time since we broke out on 7/19...

 

Today they gap over it with the old monthly gap up...

 

Probably a no brainer - 6371 always will want to be tested...

 

Anyway, that gap was crushed...

 

If 6371 holds.... we can expect support at the confluence level of 6194....

 

Combination 3.14X (Pi) and gap fill...

 

And it could just waterfall right into it.

 

Or it can cruise back over 6371 on the flood of Fiat in the market...

 

 

[SemiBizz]

 

 

 

Does this chart look like AAPL is about to blowout to the upside?  Nope.

[Geomean]

Time wise tomorrow is the 1.382 time extension of the swing from the Nov 2016 low to the March high the SPX.  

[q4wer]

To make it a valid 1.382,  tomorrow has to be all time high.  Go AAPL,    but I feel that apple is ripe for its earning.

 

Time wise tomorrow is the 1.382 time extension of the swing from the Nov 2016 low to the March high the SPX.  

[Geomean]

The time extension occurs tomorrow.  Whether it is considered helpful, "valid" or "workable" is an observer defined metric.

[SemiBizz]

We still did not close over 6371 even after all the AAPL hype yesterday...

 

6337 next support

 

Targets still valid.

[SemiBizz]

We still did not close over 6371 even after all the AAPL hype yesterday...

 

6337 next support

 

Targets still valid.

 

Stopped on 6337, broke and next support now at 6318... 100 point waterfall possible underneath to 6218, last day of strongest volume best support.

[SemiBizz]

Well, well, here we are again, same numbers still there...

 

Mkt doesn't quite know whether to trade on Jobs report or Trump troubles today...

 

We'll see.

 

Full Moon Eclipse comes Monday, interesting times ahead... into August.

 

6371 is the key here.

Edited by SemiBizz, 04 August 2017 - 09:01 AM.

[SemiBizz]

We had a test of yesterday's final hour (65min) low this morning on stronger volume and a reversal into a higher high...

 

So far, that's a bullish indication...  Daily chart still in play though.