This is a method of charting that I have done by hand since 1988 and if this brief description doesn't explain what I'm saying clearly, that is because I need to spend more time clarifying.
What I find fascinating with this method is that it does help predict time and price. It also helps predict sideways and trending periods. This is the most dynamic and useful method of charting that I have ever found and I studied everything I could get my hands on from 1986 to 2000. This has elements of all of the other methods, but this suits my personality. You can do this method on any time frame that suits you.
Note: I began a chart by picking the lowest price (for an uptrend) or the highest price (for a downtrend). You know it is the lowest price when there are at least 4 bars after the lowest price AND the current price is above the lowest high. The next sign of a strong uptrend is when the current bar is above the most frequent price.
More to follow...
"First of all, forget fundamentals.I lost a lot of money in the past using fundamentals.Fundamentals are already INCLUDED in price action on a chart.There has been a lot fundamental negativity lately but the SPY chart keeps going UP. This chart is too complex for my eyes,no comment."
The market is still churning because we are again sitting on (overlapping) the most frequent weekly range. With earnings season in full swing and Apple reporting next - hopefully there will be a new signal soon. Tim