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NYSE Composite Index forum

Sep 18

19673 apprx. is breaking point
Based on my own calculation using SR Limit Calculator, The breaking point is around 19673. If volume is summed up its gonna break upward. This calculator is based on Rhodes Limit( astronomical physics formula), and generate breaking points using support and resistance for newer high. Meanwhile 18932.58 apprx. is lower breaking point. Its similar but not exactly like of Bollinger upper and lower bands.

Along with my other two indicators based on Lagrange theorem, these are goods symbols for analysis. I have been testing with paper trading in each buy and sell signal. So far its good. I have kept 20000 as profit taking point in my paper trading. Lets see how market works.

This is for information (educational) purpose only, plz do not take any decision based on this info only. Better to use own analysis with various indicators.

tradingview.com/x/puMNCEmf/

May 22

I think the chart shows a clearer representation of what is going on here. I think we’re entering a 4th corrective wave. It might be choppy so it would be risky to short but I think we will see a better buying opportunity in the near future. Same thing is currently playing out with gold.