[放炮] 1700 (or 1706) for bull case

ychen222

If early morning were the break out and back test movement, the breakout position would be 1691.
I think it's better to use 1682 rather than 1676 as the starting point.
So the target would be 1700 (rather than 1706).  

For bear case, 1696.x should be the top.

ychen222

Looking at previous 4 days' chart, 1691 as a break out point is actually too high. 1688 is more reasonable.  Then the top would be just 1994/1700.

I know 1696.75>1694. So the top might have already been behind.

lululun

Top was in?

ychen222

Top was in?
lululun 发表于 2013-7-31 11:30

I think half/half. So I don't know right now.
But just <10 point difference.

ychen222

1696.47-1682.42=14.33   
14.33/3=4.78
1696.47-4.78=1691.69

The worst case for bear is that SPX pulls back at 1691, then up.
Before 1691-1692 is tested, bear is safe.
(Of course, breaking down 1691 is even better for bear.)

祥云

ychen222

1696.47-1682.42 middle point is 1689.57.
Decisively break it (like down under 1688) means switching back to bear's turn.

dxzhu

Thanks Lao Da

lily987

ychen222

Down below 1688 confirms the short term bearish.

Let's see the close....

秂忢空

larawu

dxzhu

Today sp maybe could not pass 1706. Current highest point is 1,704.97

蓉儿

If early morning were the break out and back test movement, the breakout position would be 1691.
I  ...
ychen222 发表于 2013-7-31 11:09

   

larawu