Comments on: Charts I’m Watching Today

By: rsotc

rsotc — Fri, 01 Nov 2019 17:34:02 +0000

/KC coffee futures 1.0295 target hit with the potential divergence still intact although not yet confirmed (via a bearish crossover in the PPO at or below the previous reaction high) as the uptrend remains intact for now.

By: rsotc

rsotc — Fri, 01 Nov 2019 17:19:12 +0000

/CL 55.54 target hit with the potential for crude to run up to the 56.88 level if it can take out 55.54 with conviction. Good time to either book profits or raise stops if holding out for additional gains.

By: Frankie3

Frankie3 — Fri, 01 Nov 2019 15:11:17 +0000

i am so trapped as a short on SPY. 305.18 i got in…. puts .. any thoughts randy

By: rsotc

rsotc — Fri, 01 Nov 2019 13:27:05 +0000

In reply to B-Right.

Good question. The answer can be found on the FAQ page here (also accessible on the RSOTC Support Center located under “Resources” on the top menu of the site): https://rightsideofthechart.com/frequently-asked-questions/

On the FAQ page, click on the ‘Trading Related Questions’ tab at the top of the page & then select ‘How Are Price Targets For Each Trade Determined’.

By: B-Right

B-Right — Fri, 01 Nov 2019 13:14:21 +0000

@rsotc: Excellent charts... One thing I always wanted to ask you Randy : How do you come up with T1 ,T2 etc targets? There are EW users who use waves/fibs, but could never understand how u come up with the targets. Any insight is appreciated :)