PnF: Trader's Game

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We have two reversals today, Bonds breakdown, while the S&P 500 breaks out. I should preface this with a warning. This hasn't been much a trending market so much as it is an oscillating range-bound trader's market. Considering these circumstances & price-scale, following a PnF platform under TSP's limitations can prove to be very difficult.


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AGG

• Triggering a Bullish Signal Reversed, the previously well-established uptrend is now broken, off the original 12 March Double Top Breakout, AGG topped out at 1.15%
  
• We now have 5 higher Xs followed by 1 lower O, a 110.86 bearish price objective, with a reversal triggered at 111.81 (-.59% vs. .26%)
• Long-term Bullish - Price is greater than 110.09 or 50% of the entire chart
• Short-term Neutral - Price is even with 50% of the S3/R2 price columns

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SPX

• Triggering a Double Top Breakout, we now have a higher X, preceded by a double low O
  
• We have a 2177 bullish price objective, with a reversal triggered at 2043 (4.86% vs. -1.59)
• Long-term Bullish - Price is greater than 1963 or 50% of the entire chart
• Short-term neutral & range-bound - Price is greater than 50% of the S4/R2 price columns

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W4500

• This is the 2nd Bullish Triangle Breakout
  
• We have an 1172 bullish price objective, with a reversal triggered at 1097 (5.63% vs. -1.16%)
• Long-term Bullish - Price is greater than 1015 or 50% of the entire chart
• Short-term bullish - Price is greater than 50% of the S7/R1 price columns

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Transports

• Prices are descending with the recent Double Bottom Breakdown, giving us 3 lower Os & 2 lower Xs
  
• We have an 8074 bearish price objective, with a reversal triggered at 8804 (-6.19% vs. 2.29%)
• Long-term Bullish & receding - Price is greater than 8460 or 50% of the entire chart
• Short-term Bearish & descending - Price is less than 50% of the S3/R5 price columns
• WARNING: 5 more Os below S4 is a 10% correction off the R1 top

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NASDAQ 100

• Prices has been range bound between the S4 triple low O and R2
  
• We have a 4858 bullish price objective, with a reversal triggered at 4279 (11.83% vs. -1.50%)
• Long-term Bullish - Price is greater than 4070 or 50% of the entire chart
  
• Short-term Bullish and compressed - Price is greater than 50% of the S4/R2 price columns

The markets put in a mid-day reversal on Tuesday, which confirmed my short-term analysis, but how all this plays out remains to be seen. As for myself, I chose to side-step out into the F-Fund and will re-evaluate the price action from a less risky point of view


Trade safe…Jason