Chart for start of week 7/16

Here are my significant S/R levels going into the week. Have some other minor levels but this is the bulk of the framework. Good luck to all.

it definetely has potential....dxy trying a turnaround here which could help the move down

good trade bruce

see u tomorrow

thnx Nick...that little volume spike before 3 pm was telling me that maybe this was a fake out...then the delta flipped but it was still a bit lucky.....especially for that time of day

numbers for today wed 7/18:

above
56.25
60.5-61.5
66-67.5

below
50-52 (two gaps in the data on the 1m chart here)
43-43.5
38-39

good luck

we breezed thru the first two areas mentioned above but the 66-67.5 (which i also mentioned yesterday) has proved a bit stronger than the other two

i do believe the current high will not hold and 72.5-73.5 lies above for me as a shorting area

anyone else here? echo echo echo echo

Several years ago there might have been respect for this trend line in red.......nowadays its more of a gamble.

The stretch rules....thank you hunter whereever you are.

Would you care to post in advance what you are looking for streach to do. In the past this was asked but never once did I see a real time post of streach levels and projections posted.

Bro....here's the model. This site is sooooooo dead.
This is the only site in the universe that actually gives you background and calcs the stretch on a daily basis.
Everthing thing moves in increments of its stretch. Its like pi is to the pyramids.

Here is an illustration of the base model for NQ....they're all the same BTW....NQ just has the best ROI.
Blue line = previous close
Lower green = stretch support
Upper Red = stretch resistance
All lines are increments of the stretch.

Sorry but I was not aware that there is a stretch calculation daily on this site. Can some one pls point me to it

Its in the detail of daily notes section......
It has it for every traded instrument in the universe....almost...
And if it isn't listed there it will calc it for you.

Just as an observation .....the market is in the third of the "three drives" pattern....recovery from the May sell-off.

Originally posted by rburns

Sorry but I was not aware that there is a stretch calculation daily on this site. Can some one pls point me to it

http://www.mypivots.com/dailynotes