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SPX -- 2024

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#11 iloli way

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    iloli = I'm Laws Of Line's I(eye)

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Posted 08 March 2024 - 11:13 AM

3/5 SPX: all about this line- she loves me or not ... as posted all along...

 

tvc_b2b4745eba1288dc90c42c4d6863a5ed.png

 

 

3/8 SPX Update: Also tracing out a PERFECT RISING WEDGE just like ES...

 

tvc_0daadb0432ac0cbb35b6dfb64a4c824f.png


Edited by iloli way, 08 March 2024 - 11:13 AM.

PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#12 iloli way

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Posted 08 March 2024 - 08:44 PM

3/8 ES Update: NO BREAKOUT, STILL... 90 minutes after market open

 

Rule of Five in progress, waiting for trigger...

 

 

tvc_43f0555dfcacb4ab24e1f98c2a1085df.png

 

 

3/8 closed: Early bears took the trigger - BD of the rising wedge shorted intraday.

 

tvc_a554b9f2c6367a1709f5cf087e1b4a79.png

 

My official CLUES remain as followed:

 

 

Posted 01 March 2024 - 09:31 AM

 

CLUES ARE HERE !

 

ES 5066.50! (SHORT/STOP/SHORT/STOP) TAKES FEW MORE DAYS to confirm BLOWOFF TOP!

 

SPX 5048.56 equivalent!

 


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#13 Douglas

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Posted 11 March 2024 - 01:19 AM

iloli way, why have you not lowered the bottom trend line in your rising wedge to contain the new lows after prices re-entered the wedge as I have shown in your image modified below?  This would give prices a bit more wiggle room to the downside which recently they have been taking full advantage of.  Also if prices break out of the top of the rising wedge, do you expect an explosive rally higher?  Thanks for posting technical images.  Pictures are worth a thousand words.

 

aqLV0Pp.png

 

Regards,

Douglas



#14 iloli way

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Posted 20 March 2024 - 10:34 AM

3/20 update:

 

Still ALL ABOUT TAHT BULL-BEAR LINE; and RISING WEDGE:

 

Douglas: good thinking! Except my LOL rule is: if you have a 2 point line vs. 3, or 4 points multiple point lines, always use the more point line, more reliable. That also make the pattern (here the rising wedge) more reliable, rather than basing on an 'outlier' "ONE POINT", as you suggested. Where is the wedge top? it's in the picture.

 

tvc_25aacc376c19bf49dee90533156db5b1.png

tvc_1e6f919b4cc1d7a3273d75297c55abf7.png


Edited by iloli way, 20 March 2024 - 10:42 AM.

PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#15 iloli way

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Posted 20 March 2024 - 11:20 AM

where rubber meets the road:

 

BO new ATH and back in the Wedge rising and rising again; or,

 

BD the Wedge right here and now...

 

just trying to read the SAME 4 HOUR chart CLOSELY

 

tvc_3c038fe99adca4a13fcc90b7c7c2f9eb.png

 


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#16 iloli way

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Posted 21 March 2024 - 12:19 PM

3/21 update:

 

Watch out BULLS! We are hitting the upper WALL at ATHs! again...

 

NO one single BO of the WEDGE ever, since 10/10/23, YET!

 

tvc_5504ed5aefa93110dc74d37f6b2d1717.png

 

tvc_26675f3900c4829ae51919fb01668860.png


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#17 iloli way

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    iloli = I'm Laws Of Line's I(eye)

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Posted 24 March 2024 - 01:22 PM

3/22 closed:

 

HIT WALL AND REVERSED as warned!

 

NO CHANGE since first post of this thread - GET READY FOR THE WEDGE REAL BREAKDOWN IN TWILIGHT ZONE, AGAIN!

 

Take profits or short here is more prudent than chasing a breakout, be nimble though, MAY THE CHART BE WITTH YOU!

 

ES futures will open in 4 hours, Sunday afternoon. ES has a NEW CLUE to sell at 5123.86!

 

tvc_abee35218fdbf7f832fb56a30bdff72d.png

 

tvc_bd6b40bc4c7635f05341432d81f4bcaf.png

 

 


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#18 iloli way

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Posted 26 March 2024 - 10:44 AM

where rubber meets the road:

 

BO new ATH and back in the Wedge rising and rising again; or,

 

BD the Wedge right here and now...

 

just trying to read the SAME 4 HOUR chart CLOSELY

 

tvc_3c038fe99adca4a13fcc90b7c7c2f9eb.png

 

 

 

3/26 Rubber meets road update:

 

Tapes STILL following the WEDGE so far, proving it's still ENFORCING, until BD or BO to reveal the hand.

 

 

tvc_b77799ca81ba1953205c716b5bf4158d.png


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#19 iloli way

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Posted 01 April 2024 - 08:46 PM

4/1 update:

 

Hey Douglas! See your ONE POINT outlier working out?!

 

BD or bounce back up, BRIGHT BLUE LINE is the game now... (your orange line remains below)

 

tvc_8e8eeff2fb2422ae29a03b63f546517d.png


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#20 iloli way

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    iloli = I'm Laws Of Line's I(eye)

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Posted 02 April 2024 - 07:57 AM

Btw, ES had broken down the BRIGHT BLUE LINE in futures overnight, going to validify the ORANGE LINE next (suggested by Douglas)...

 

4/2 SPX CASH pre-market:

 

RIGHT ON the VERGE - again!

 

 

 

3/22 closed:

 

HIT WALL AND REVERSED as warned!

 

NO CHANGE since first post of this thread - GET READY FOR THE WEDGE REAL BREAKDOWN IN TWILIGHT ZONE, AGAIN!

 

Take profits or short here is more prudent than chasing a breakout, be nimble though, MAY THE CHART BE WITTH YOU!

 

 

tvc_d655013314af9deb805f48ec3a39616d.png


PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton





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