Wave59 Technologies

In terms of time in ES, Tuesday this week 3/22/2016 sticks out for me.
Prior highs and lows come together to agree and point out to that date.
We shall see.
I am watching gold closely to go up to 1300 level and hopefully find a chance to go short from there maybe.

Hi Todd,

Great reply. Thank you.
Looking forward to asking you more questions in future.

Baha

Hi Todd, Nice charts. Does 1.6/62.5 make more sense to you in SPY or they are more useful in general? I would have guessed that you would use certain ratios with certain markets as every market has a different blueprint. Please correct me If I am wrong. I remember seeing Gann using 1/8 divisions as ...

No worries. Thanks for sharing.

Most likely computer made.
I live in Switzerland and I was in Geneva not too long ago.

Hi Simon,

Looks like the market hit the 61.8 retracement on your chart Friday. On a daily chart it looks a little overbought at the moment. I agree with you and my overall bullish outlook for the ES continues. If it corrects this week I will be looking for a pullback to buy again.

I decided to start the week flat, so closed my position this evening.
Simon's experience speaks volumes. We didn't close above 1940 last week. This week, a pull back is a possibility tandem with probability of gold going higher to finish it's pullback. We will see. I wish everybody a great week.
Baha

Todd,

Thank you so much for the answer!!

Also, until we break 1940, like you said, I am not 100 percent sure about a big rally, either. We may have a pull back all the way down to 1804, maybe? Or it might just fill the gap from 2 days ago and come back. Time will tell..

Hi Simon, Firstly, thanks for sharing your chart. I agree, again, with everything you said. I couldn't have said it better myself. I was trying to figure out % 88.6, since that is a ratio I don't use/haven't used. Obviously, 1/113 = 88.6, but where does 88.6 come from? 70.7 * 1.25 ? Harmonic vs arit...