This blog post is similar to the previous post in that we are going to set up the best planet lines for the coming week, April 26 to April 30. The way we do this is to find the best planet lines for the previous week and use them in the coming week. The chart below shows the 10 minute mini Dow (YM) futures contract for April 23 and 25. I have found the best support and resistance planet lines for the previous week which were the Venus lines shown on the chart below. You can see a few of the tops and bottoms that fell on these lines labeled A, B, C and D.
The next chart shows the beginning of the week covering April 26 to April 30. These Venus lines should continue to provide support and resistance price levels for the coming week. This is again the 10 minute chart for mini Dow (YM). I will show how these planet lines worked out in this market at the end of the week on April 30.
Below are the settings for these lines in the MarketWarrior indicator “AT_Planet Lines” if you want to set this indicator up in your copy of MarketWarrior.