Thanks, Steve, I wanted a confirmation that I am not mistaken. I
am also seeing a bear flag on the
ES futures 60-min, not shown here, with a backtest coming at
2080.
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SPX unable to break symmetry
Posted by steve on 11th of Nov 2015 at 09:56 am
SPX unable to break symmetry resistance and fading back into gap. Thus one must remain very prudent with any new long setups.
Still seeing lower highs on bounce attempts.
Steve, Have we broken symmetry
Posted by junkie on 11th of Nov 2015 at 11:45 am
Steve, Have we broken symmetry to the upside with a spike at the open? SPX 15-min
NO junkie..see the levels posted
Posted by steve on 11th of Nov 2015 at 11:53 am
NO junkie..see the levels posted below by me pre-market. More importantly, focus on valid entries.
A move up to 2092
Posted by junkie on 11th of Nov 2015 at 12:41 pm
A move up to 2092 will still not break the symmetry short term: spx 15-min
A break above 2088 will increase the likelihood of a rally higher or extension...
Posted by zitron on 11th of Nov 2015 at 12:44 pm
1.27 extension from last high on the 60 to low.
Thanks, Steve, I wanted a
Posted by junkie on 11th of Nov 2015 at 12:02 pm
Thanks, Steve, I wanted a confirmation that I am not mistaken. I am also seeing a bear flag on the ES futures 60-min, not shown here, with a backtest coming at 2080.