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$SPX - Chart Link - this is not a proper wedge because it doesn't have 5 touches, however some div to note. but again the trend is down, this is very short term
$SPX - Chart Link - that last low has better divergence than the last low as it's longer
well I guess that symmetry only broke by a point or so, probably not enough, anyway market selling off hard again.
The problem with divergences that I've mentioned before is when they form late in the day, they often fail.
looks like a small symmetry break so far, so be on the lookout for a higher low that could be bought for a trade
No symmetry break yet vs. last pullback an hour ago on 5 min chart.
correct no symmetry break
showing symmetry on 5 min
$SPX - Chart Link - div producing another tiny bounce out of the pseudo wedge
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SPX 5 min
Posted by matt on 6th of Mar 2015 at 12:23 pm
$SPX - Chart Link - this is not a proper wedge because it doesn't have 5 touches, however some div to note. but again the trend is down, this is very short term
$SPX - Chart Link - that
Posted by matt on 6th of Mar 2015 at 01:58 pm
$SPX - Chart Link - that last low has better divergence than the last low as it's longer
well I guess that symmetry
Posted by matt on 6th of Mar 2015 at 02:19 pm
well I guess that symmetry only broke by a point or so, probably not enough, anyway market selling off hard again.
The problem with divergences that I've mentioned before is when they form late in the day, they often fail.
looks like a small symmetry
Posted by matt on 6th of Mar 2015 at 02:10 pm
looks like a small symmetry break so far, so be on the lookout for a higher low that could be bought for a trade
No symmetry break yet vs.
Posted by frtaylor on 6th of Mar 2015 at 12:51 pm
No symmetry break yet vs. last pullback an hour ago on 5 min chart.
correct no symmetry break
Posted by matt on 6th of Mar 2015 at 12:54 pm
correct no symmetry break
showing symmetry on 5 min
Posted by matt on 6th of Mar 2015 at 12:56 pm
showing symmetry on 5 min
$SPX - Chart Link - div
Posted by matt on 6th of Mar 2015 at 12:44 pm
$SPX - Chart Link - div producing another tiny bounce out of the pseudo wedge