also look at this 15 min SPX chart - again that was sideways
chop action, was not impulsive selling even though intra day
yesterday it emotionally felt like it, but chartwise it wasn't
anyway this inverse H&S measures up to around the 2580
area
if that's an inverse H&S then it measures to 2580ish.
The 120 points was simply a 1:1 move of the initial move,
where the market paused at for the last week, but has no
relationship to that Inv H&S pattern
also look at this 15
Can someone remind me what happened yesterday again? ...
Posted by matt on 4th of Jan 2019 at 10:40 am
also look at this 15 min SPX chart - again that was sideways chop action, was not impulsive selling even though intra day yesterday it emotionally felt like it, but chartwise it wasn't
anyway this inverse H&S measures up to around the 2580 area
Matt do you mean 2518
Posted by alvinjm27 on 4th of Jan 2019 at 10:48 am
Matt do you mean 2518 instead of 2580? The initial measured move from 2346 was 121 points. So 121 points from 2397 would be 2518. Can you clarify?
if that's an inverse H&S
Posted by matt on 4th of Jan 2019 at 10:53 am
if that's an inverse H&S then it measures to 2580ish. The 120 points was simply a 1:1 move of the initial move, where the market paused at for the last week, but has no relationship to that Inv H&S pattern
Gotcha, thanks for clarifying
Posted by alvinjm27 on 4th of Jan 2019 at 10:57 am
Gotcha, thanks for clarifying
yesterday's action on Oil was
Posted by mla127 on 4th of Jan 2019 at 10:44 am
yesterday's action on Oil was telling for me ... market tanked Oil didn't .. was positive for most of the day ...