Replies to post #326836 on SPDR S&P 500 (SPY)

[TechniTrend]

Hmmm


- are you saying that at some point in time the price will go at 3349 ? --> yes
- And if another target appear (say 3332), also at some undefined moment, S&P will go there? ---> yes it can be.

If yes - why do you need the targets? --> You lost me.

Given the proximity of them (0.2-0.4% delta from current level) - isn't likely that "at some point in time" S&P will visit any of these levels, hence cross any level in between, in order to get there? --> yes, could be.

So what I am missing is the relevance of targets, in relation to spot/candles ... given the uncertainty linked to
- time,
- direction (up or down, to the first target)
- and the lack of correlation between targets and reversal of the spot (reversals are not necessarily happening at target lines - they are at, above or below, irrelevant to how many other dotted lines are present). -->

Think you are making it to complicated for yourself. If you draw the targets in your screen and you can't put together a plan to benefit from the information that those are the possible levels where prices will go... then, forget it !!
It would be an exercise in futility, exactly like adding another indicator that you don't know what is telling you.

Let me put a last example: if prices are too far (within the range) of a yellow and blue line it wouldn't be useful for you to think that prices can revert to it?

If prices are moving up and you have a short target in the horizon, is not useful to you to know that possibly prices will go precisely to that level? and after that if there is no more shorts, it would be useful for you to realize that possibly there would be a pull back?

If your answer is not, then please don't use it! the last thing any player needs is more clutter in their screen.

I have said several times: mine is not a trading system it's an information one.