Symmetry Concern

    Posted by matt on 30th of Oct 2018 at 09:19 am

    futures were up for a while last night but have went negative, a concern of mine that I discussed was that the RUT and QQQs have already strongly broken their long term uptrend symmetry, their pullbacks have been much greater this time than the one in Jan/Feb, which confirms that higher lows will be formed in the future.  However the SPX yesterday only just exactly met it's symmetry move from Jan/Feb of 337 vs 400 points.  It's obvious that it's only a matter of time before SPX exceeds the pullback amount it did in Jan/Feb just like the RUT and QQQ's already have. However I guess the question in the short term, does that break in long term symmetry occur now or after a bounce? The market could bounce a day or a few days and then go down after that to break symmetry, or it could just do it now.

    IWM - Chart Link- long term symmetry break

    QQQ - Chart Link- long term symmetry break

    $SPX - Chart Link- has not broken long term symmetry yet

    Hi Matt,  Will the Paint

    Posted by dzurek2 on 30th of Oct 2018 at 11:36 am

    Hi Matt,  Will the Paint Dry system be closing out at the end of Oct ?  Thanks Don

    super charts, thanks Matt!

    Posted by morton7 on 30th of Oct 2018 at 09:28 am

    super charts, thanks Matt!

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!