The Drummond Geometry Forum

As detailed below the market will probably go to the weeks hi's on Monday to the Weekly ET 918 being pushed by the Daily ET at 907 & 5/3 up at 907.75 & some help from the 1/4terly PLDot at 904

DM

===quarterly dot not at 904. what are you thinking.

==what is pushing/pulling on the htp?

Then it will bump into the Weekly ET 918, Daily PLDot Crest at 914 & 1-1 hi 915 and refresh to the Weekly PLDot at 897 where it will also find support from the Daily PLDot 895 Daily 1-1 lo 898 , MCL 893 - Weekly 5/1 895 and a potential Weekly 2-3 Pldots back setup at 895

DM

====this is one scenario. What will the alternate scenario look like, when resistance breaks. Why could this happen, and most importantly what will it look like on the ltp if it does occur.

Unless the market does this all rather quickly we will probably end the week at the lows

DM

==unless we go up....

A technical analysis non P&L Note - the weekly has setup an isolated bar for the previous week generally an indication that the market will go down

Weekly Range - 918 to 897
Daily Range - 914 to 895
1st Hour Range - 5/9 - 916 to 906

Type of Trading Monthly - Congestion Action - Next c Wave Up

DM

=====c-wave is not a type of trading but a trading action.

next would be congest exit trading... / trend reversal OR congest action

Type of Trading Weekly - Trend Run - Next Congestion Entrance Down

DM

==OR.... continued trend run !!! There is danger is hypothecating just one alternative..