$SPX - Chart Link this morning's use of
symmetry was a great real time example how how to use that to gauge
a move, especially an emotional one in the morning from a large gap
up. As I pointed out, price basically hit symmetry and that's
where it ended up pausing and stopping, then sell off
$SPX - Chart Link - anyway currently price
at the primary pivot and a 61.8% Retrace of the move off
yesterday's lows, so this is a an area to monitor
Update on symmetry
Posted by matt on 11th of Dec 2018 at 11:02 am
$SPX - Chart Link - 91 points off last weeks lows vs 87, basically the same number
IWM - Chart Link - 4.74 off last weeks lows vs 4.84, again same number
$BKX - Chart Link - Banks also stalled out near symmetry
Update: Update on symmetry
Posted by matt on 11th of Dec 2018 at 02:07 pm
$SPX - Chart Link this morning's use of symmetry was a great real time example how how to use that to gauge a move, especially an emotional one in the morning from a large gap up. As I pointed out, price basically hit symmetry and that's where it ended up pausing and stopping, then sell off
$SPX - Chart Link - anyway currently price at the primary pivot and a 61.8% Retrace of the move off yesterday's lows, so this is a an area to monitor
Thanks, Matt.
Posted by mdgfain on 11th of Dec 2018 at 11:21 am
Thanks, Matt.