TF 614.5 ....604.1 -------------------------- spx prev close 76 .........67 ------------------------------ ES 74.....64 ------------------------------- YM 9848......9759
60.25 ....51.25 signal **..51 pivot ------------------ retrace to 56.5 5.5 points 61% ============ 56.5 .... 47.5 signal ** .. 46.75 pivot --------------------- retrace to 52.75 6 points 61% ============ 52.75 ... 43.75 signal ** .. 43.75 pivot YM completes here ** ---------------------- retrace to 51.75 8 points 88.6% ============ 51.75 ... 42.75 signal ** .. 42.75 pivot --------------------- retrace to 46.25 3.5 points ============== 46.25 ... 37.25 signal ** .. 37.25 AH pivot YM completes in RTH ================== five signals in one day
on ES ..... ym completes after 3 ES signals ...at which point is a 50% retrace of entire move so far..... of 3 signals ------------------------------ first two retraces are 61%.... before larger degree retrace ----------------------------------- 4th retrace is only 38% ----------------------------------- 5th retrace AH .... .... 61% would be 43
5th retrace AH .... .... 61% would be 43 ----------------------------------- but since YM completed a 2nd move looking at retrace of last 2 signals -------------------------------------- for larger degree retrace..... 50% at 44.5 and 61% at 46.25 and 46.25 would be r10 short signal
61.75....52.5 51.5.....42.25 48....37.75 41.75.....31 31....40.5 up 40.5......29.5 29.5....38.25 up 38.25......29.5
ES extension 40....50 ...49.5 short ----------------------- 47.25....37.25.....27.25 ....26 long --------------------------------- 26.....35 short -------------------------------- 35.....26 long ---------------------------- 26...... 37 short ----------------------------- 31.5......41.5 short -------------------------------