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CaptBlackBeard
May 8, 2022 1:12 PM

SPX using DWEB and Compton indicators  

S&P 500SP

Description


See original here.

Gann fan is unconventional method created from the DWEB trend alignment tool.

Green lines below show balance values with the first and most likely level to hit if SPX continues to slip marked in purple.

Compton indicator shows SPX entering the first phase of buy value. This can last days or weeks. I prefer to wait and see what happens when it hits the floor (bottom line).

NEUTRAL - due to the fact that the timing is not good to make any short term calls. Better to wait for confirmation and confluence.

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