TARGETS AND REVERSALS

End of the week, so quick look at the chart action today.

PM      BOTs set in pre market and PA moved to the Sell BOT

b1-4    EMA failed BO

b5        sell signal  SB entry     BO 5 & BO 10 hit

b14-15     reversal signal with a  Long  b15;  bullish channel begins

b36-37     sell signal and MAXT setup

b40-41    Buy signal  with 41 entry

b40-48    Ellipse formation; first half range estimated second half to 1251

An Ellipse is a new proprietary measure that is under review.  The best way to describe it:  think of eye glasses.  Two equal side with a common middle.  The middle in this case was at/near 1246


[13:36] <CM> look for sb long reversal
[13:40] <CM> L 46.5
[13:42] <CM> ellipse calculation would get price to 1251
[13:53] <CM> 51 hit twice xall


b63-64  long signal  EMA/SB

b69-70  Long

b76 second ellipse  1253 projection Long signal b 77

Market opens lower Sunday evening.