$SPX - Chart Link - divergent low on the 5
min via the MACD and RSI. As you know the QQQ's did form a
divergent low on their 60 min time frames as Steve pointed out last
night and this morning. Again this is a fluid fast market,
we'll see if this holds or not, anything can happen, if you took a
day trade long you can simply have a stop at the low. Or wait
for a symmetry break
$SPX - Chart Link - here's a 3 min chart
showing symmetry bounces, the two waves were 25.4 and 23 points,
and total was 29.6 off the total high and low. The recent
bounce was 21.3
we'll see man, but remember symmetry works better the more data
points you have and the longer the time frame, on Monday the 10 min
chart example had a 3 day downtrend to monitor with multiple
symmetry bounces, you had a lot of data points so once it was
broken it was a strong signal. This one only has since
yesterday afternoon, so not a lot of time. Remember the
larger time frames are down and the market is still very much on
edge here.
again a higher low doesn't have to then make a higher high
either, like on this updated 5 min chart, that last low could have
been the higher low and you just get a bounce that doesn't go back
to the morning highs.
anyway we'll see how this plays out the next 2.5 hrs.
here's an update view, you are long you don't want to see
price take out those lower trendlines, that could start a Flush
like we had yesterday afternoon. Right now it's been a very
choppy sideways day as the market is trying to decide what to
do
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SPX 5 min with pivots - divergent low
Posted by matt on 28th of Mar 2018 at 11:12 am
$SPX - Chart Link - divergent low on the 5 min via the MACD and RSI. As you know the QQQ's did form a divergent low on their 60 min time frames as Steve pointed out last night and this morning. Again this is a fluid fast market, we'll see if this holds or not, anything can happen, if you took a day trade long you can simply have a stop at the low. Or wait for a symmetry break
Update: SPX 5 min with pivots - divergent low
Posted by matt on 28th of Mar 2018 at 11:26 am
$SPX - Chart Link - here's a 3 min chart showing symmetry bounces, the two waves were 25.4 and 23 points, and total was 29.6 off the total high and low. The recent bounce was 21.3
Update: Update: SPX 5 min with pivots - divergent low
Posted by matt on 28th of Mar 2018 at 12:35 pm
$SPX - Chart Link - update on symmetry, we'll see if it can form a higher low now
Awesome Call on the SPX
Posted by onefourdroopy on 28th of Mar 2018 at 12:21 pm
Awesome Call on the SPX !!!!!!!!
we'll see man, but remember
Posted by matt on 28th of Mar 2018 at 12:52 pm
we'll see man, but remember symmetry works better the more data points you have and the longer the time frame, on Monday the 10 min chart example had a 3 day downtrend to monitor with multiple symmetry bounces, you had a lot of data points so once it was broken it was a strong signal. This one only has since yesterday afternoon, so not a lot of time. Remember the larger time frames are down and the market is still very much on edge here.
again a higher low doesn't
Posted by matt on 28th of Mar 2018 at 01:30 pm
again a higher low doesn't have to then make a higher high either, like on this updated 5 min chart, that last low could have been the higher low and you just get a bounce that doesn't go back to the morning highs.
anyway we'll see how this plays out the next 2.5 hrs. here's an update view, you are long you don't want to see price take out those lower trendlines, that could start a Flush like we had yesterday afternoon. Right now it's been a very choppy sideways day as the market is trying to decide what to do