ForExtraPips

S&P 500 daily from a different angle.

SP:SPX   S&P 500 Index
After the market closes, I'll take the previous two days candles and connect the tops and bottoms and let them travel in time with the extended ray. (I will actually right click and select format and put the price in there so it's not sloppy). Then I'll place a vertical line for tommorow's time line. And where the extended rays intersect with the vertical line will be my areas of interest for support and resistance for the next day. But notice that both of the rays meet exactly at the same price for today. To me, that means price will go up to that price level then fall. Where price meets time. But like with anything else in life, only "time" will tell.
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