Technical Analysis of Pattern Structure allows one at times
to pin point a key price inflection point,
that serves as a trigger to define the next major move.
In studying the S+P 500 chart after the close on 11/14/18,
in all time frames, one particular price level,.. 2719.. stands out,
as holding the key to the structure of the technical pattern.
If this level holds, the index should rally out of this area,
and move on to higher prices.
However, if this level is violated,
the pattern structure becomes cracked,,as in a crack in a building foundation.
The weight of the structure needs that support beam,
or in this case a very important support trend line.
In the current structure pattern of the S+P 500,
the violation of 2719 on 11/14 is SIGNIFICANT,
and should be treated that way.
As long as price continues to drop away from 2719,
the S+P 500 pattern structure, becomes increasingly BEARISH.
Thus my recommendation, is to use.. S+P 2719
as MOST IMPORTANT RESISTANCE PRICE
, and BUY /SELL STOP.
... until further notification.
The laws of pure physics,are always defining structure in the market.
More on that...and the realm of chaos, in future articles.
THE_UNWIND
11/14/18 1040 PM
NEW YORK
to pin point a key price inflection point,
that serves as a trigger to define the next major move.
In studying the S+P 500 chart after the close on 11/14/18,
in all time frames, one particular price level,.. 2719.. stands out,
as holding the key to the structure of the technical pattern.
If this level holds, the index should rally out of this area,
and move on to higher prices.
However, if this level is violated,
the pattern structure becomes cracked,,as in a crack in a building foundation.
The weight of the structure needs that support beam,
or in this case a very important support trend line.
In the current structure pattern of the S+P 500,
the violation of 2719 on 11/14 is SIGNIFICANT,
and should be treated that way.
As long as price continues to drop away from 2719,
the S+P 500 pattern structure, becomes increasingly BEARISH.
Thus my recommendation, is to use.. S+P 2719
as MOST IMPORTANT RESISTANCE PRICE
, and BUY /SELL STOP.
... until further notification.
The laws of pure physics,are always defining structure in the market.
More on that...and the realm of chaos, in future articles.
THE_UNWIND
11/14/18 1040 PM
NEW YORK