No replies to this topic

[lambro]

if you've been following along, notice how the price points have been relevant in the future development of price From yesterday in globex we had about a 13 point sell off soon after we crossed 1071 and we could not get to 1074, now we are finding support at the top of the 1054-1059 window UP: if the upper 1050's hold as support we are set to do a 1:1 move up to the low 1090s (ratio, 2 fib and balance beam confluence in the zone), a signal that process is underway would be a break above 1065-67. There is also freshly created dual fib confluence for 1082 en route DOWN: if 1059 is taken out we will likely revisit 1054 and below that back to 1047 below 1047 would cancel the upside energy created Friday ----- Today 8.31, review with a break below 1054 we were looking for 1047, and below 1047 the next balance bean is 1037 we got that as well notice how 1054 served as resistance on the rally attempt and how 1047 is now acting as support. Just about every balance beam or key price point mentioned over the last several days is still relevant, it is just a matter of applying an IF/THEN conditional thought process to price as it negotiates these areas here is a fresh run through 1054>1059>1065-67>1071-74>1078 1082 & 1092-94 are still key areas as long as 1037.25 holds 1054>1047>1042>1037>1027>1015