$SPX - Chart Link - the moving average
configuration continues to rule, note the pinching of the MA's this
morning on the gap and this afternoon on that lower high
bounce.
What about the symmetry break you might asK? it played out,
remember on a symmetry break you expect a higher low, which we got!
But sometimes all you get is that higher low and small bounce, then
down again, and that's what happened. A break in symmetry doesn't
guarantee that price will go back and take that high out (many
times it does) but all that it guarantees is that you form a higher
low, which we did today for a small bounce
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SPX 15 min
Posted by matt on 18th of Dec 2018 at 03:01 pm
$SPX - Chart Link - the moving average configuration continues to rule, note the pinching of the MA's this morning on the gap and this afternoon on that lower high bounce.
What about the symmetry break you might asK? it played out, remember on a symmetry break you expect a higher low, which we got! But sometimes all you get is that higher low and small bounce, then down again, and that's what happened. A break in symmetry doesn't guarantee that price will go back and take that high out (many times it does) but all that it guarantees is that you form a higher low, which we did today for a small bounce