Friday, June 09, 2017 7:16:59 PM
Below is a 30 minute chart of the SPY displaying FLD's equivalent to 3 to 4, 6 to 7 day (1.25 week),2.5 week, 5 week, and 10 week cycles. If anyone remembers their Hurst, an FLD (future line of demarcation) is a forward displaced MA equal to one half of the cycle one is trading.
The SPY declined from the share price of 245.01 today, then crossed through the 3/4 day and 6/7 day FLD's projecting 242. The projection was met and slightly exceeded, only to find support on the 2.5 week FLD at 241.95. It then found support there at the 2.5 week FLD, marked.
It was Airedale many years ago who taught everyone who was on this board at the time his system of creating intra-day charts for trading daily and weekly systems.
Thank you, Airedale.
Best regards,
~D
The SPY declined from the share price of 245.01 today, then crossed through the 3/4 day and 6/7 day FLD's projecting 242. The projection was met and slightly exceeded, only to find support on the 2.5 week FLD at 241.95. It then found support there at the 2.5 week FLD, marked.
It was Airedale many years ago who taught everyone who was on this board at the time his system of creating intra-day charts for trading daily and weekly systems.
Thank you, Airedale.
Best regards,
~D
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