Trend geometry

Updated

Looking at historic support/resistance and where this intersects with trend lines.

Using these locations to speculation on where the market might pivot.

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Ranging closer to the pivot I've drawn. I'm expecting an impulse up or down in the next 1-2 weeks.

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If we pierce this resistance I think we are good for a break out

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Breaking above downward trend line and into the launch pad. I've just entered another long.

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The launch pad is playing its role.

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8612 should turn into support, so we should go up about here

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So we are still watching 8612. If we break past it, our target is in the high 9,000's

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Based on this chart, 7800 is a likely bounce. But if 8300 bounces, 8612 is where to watch.

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