View: slopechart_$SPX.jpg

slopechart_$SPX.jpg

My last chart made me realize that I needed to add more crayon red lines. Just in case the one I had doesn't do anything. 

I figure if I draw a bunch of them I can be right more often. 

And heck, maybe this thing is actually going to go down for the first time in 16 years. Best be prepared!

Image added via SlopeCharts
slopechart_$SPX.jpg

Comments

Mr. WizardMr. Wizard
I'll add my usual comment about lines. Our job as technical analysts is not to draw better or more accurate lines, it's to use them to help make money. 
That "might" be a logical spot for a bounce, but I'd prefer that at least one other line also saw a bounce, or a rejection. 3/7/25
VioletViolet
Fwiw, this is Tim's spx chart. Two lines! Close-up, there's a third. I think it's great. Not saying yours isn't; just sayin'.
3/7/25
GonnabesickGonnabesick
@Violet — so what do log chartists do for targets? 3/7/25
...

Actions

Stacks

Posted

sandunes

Statistics

  • Viewed by 12 SocialTraders
  • No ratings yet