$SPX - Chart Link - earlier this morning I
pointed out the intra day system break and said to be on the
lookout for a higher low, well as you can see that played and and
price bounded right at the 61.8% Fib retracement, one could have
bought ES futures for a low risk nice day trade there.
definitely an area to look at Kobie - here's a 15 min chart with
that broken trendline, you have a fractal here with Fibs from the
July 27th high to the lows and also from yesterday's 2480 high to
this morning lows - notice that both Fibs 61.8 match together
though it would still make me happy for the SPX to make it up to
that 2500 round number ultimately
very short term here on a 3 min chart SPX has a bull flag look
to it
SPX 3 min symmetry break follow up
Posted by matt on 2nd of Aug 2017 at 01:44 pm
$SPX - Chart Link - earlier this morning I pointed out the intra day system break and said to be on the lookout for a higher low, well as you can see that played and and price bounded right at the 61.8% Fib retracement, one could have bought ES futures for a low risk nice day trade there.
Matt...retraced 61.8 from the days high on 15min chart. Back at broken trendline. Is tis an objective short area?
Posted by kobie on 2nd of Aug 2017 at 02:11 pm
definitely an area to look
Posted by matt on 2nd of Aug 2017 at 02:26 pm
definitely an area to look at Kobie - here's a 15 min chart with that broken trendline, you have a fractal here with Fibs from the July 27th high to the lows and also from yesterday's 2480 high to this morning lows - notice that both Fibs 61.8 match together
though it would still make me happy for the SPX to make it up to that 2500 round number ultimately
very short term here on a 3 min chart SPX has a bull flag look to it
as I said in the
Posted by matt on 2nd of Aug 2017 at 02:34 pm
as I said in the comments in my last post, short term looked like a bull flag, and it popped
Yep, that was real nice
Posted by puma on 2nd of Aug 2017 at 02:10 pm
Yep, that was real nice -- just seeing that the Qs have broken symmetry on their recent push up whereas the SPX is right at symmetry (3 min charts).
Matt...nice one!
Posted by kobie on 2nd of Aug 2017 at 01:49 pm