a measured move is 75 points from today's low, and we've got 55
of them already.
REPLY: Take .618 of the measured move for a conservative initial
target on the wedge which has been achieved. It hit trend
line and stopped and has yet to breakout. Take some
profits.
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SPX 60 min symmetry
Posted by matt on 14th of Jan 2016 at 03:40 pm
$SPX - Chart Link - today's bounce was 55 points exceeding the previous one, so perhaps after Steve's rising wedge plays out, can form a lower high
a measured move is 75
Posted by junkie on 14th of Jan 2016 at 03:49 pm
a measured move is 75 points from today's low, and we've got 55 of them already.
REPLY: Take .618 of the measured move for a conservative initial target on the wedge which has been achieved. It hit trend line and stopped and has yet to breakout. Take some profits.