$SPX - Chart Link - here's the 5 min
SPX. Again bounces around 23 - 26 points have been sold intra
day and have been good areas to take a short. Keep an eye on that
if it happens to be broken for symmetry.
So far this bounce off the lows 27.7 points, however I'd like to
see more for a better break in intra day symmetry
again notice how good that NYUD indicator is, crossed bearish
about an hr after the open for a nice sell
$SPX - Chart Link - last move 33.3 points
off the lows, that's a break in intra day symmetry, we'll see if
price can form a higher low on a pullback here
remember a symmetry break only guarantees that you get a higher
low, it doesn't confirm that you will formed a major low, sometimes
price just forms a higher low and bounces a little then right back
down.
problem is there's not much catalyst to buy. Again we'll
see...
SPX 5 min with pivots
Posted by matt on 20th of Dec 2018 at 12:27 pm
$SPX - Chart Link - you can see a wedge like pattern, and divergence. Monitor intra day symmetry, morning bounce was about 26 points
Update: SPX 5 min with pivots
Posted by matt on 20th of Dec 2018 at 02:32 pm
$SPX - Chart Link - here's the 5 min SPX. Again bounces around 23 - 26 points have been sold intra day and have been good areas to take a short. Keep an eye on that if it happens to be broken for symmetry.
So far this bounce off the lows 27.7 points, however I'd like to see more for a better break in intra day symmetry
again notice how good that NYUD indicator is, crossed bearish about an hr after the open for a nice sell
Update: Update: SPX 5 min with pivots
Posted by matt on 20th of Dec 2018 at 02:40 pm
$SPX - Chart Link - last move 33.3 points off the lows, that's a break in intra day symmetry, we'll see if price can form a higher low on a pullback here
Update: Update: Update: SPX 5 min with pivots
Posted by matt on 20th of Dec 2018 at 02:58 pm
$SPX - Chart Link - realize however now price has those pinching MA's to contend with
VXX - Chart Link - VXX 5 min
Update: Update: Update: Update: SPX 5 min with pivots
Posted by matt on 20th of Dec 2018 at 03:13 pm
$SPX - Chart Link- we got that higher low after symmetry break. r
remember a symmetry break only guarantees that you get a higher low, it doesn't confirm that you will formed a major low, sometimes price just forms a higher low and bounces a little then right back down.
problem is there's not much catalyst to buy. Again we'll see...
and 26 pt bounce would
Posted by davidw on 20th of Dec 2018 at 12:40 pm
and 26 pt bounce would hit right at yesterday's low, would be an okay spot for short play off the MA squeeze but alas we may not get there