41 replies to this topic

[iloli way]

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

 

 

 

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

 

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

[iloli way]

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

 

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

 

 

 

 

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

 

 

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!

 

[Douglas]

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.

 

 

Regards,

Douglas

[iloli way]

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.

 

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

[iloli way]

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

 

 

[iloli way]

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!

 

 

[iloli way]

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!

 

 

 

 

[iloli way]

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

 

 

 

 

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.

 

 

[iloli way]

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)

 

[iloli way]

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!