$SPX - Chart Link - here's the 60 min
chart, slight bounce off that support area. Otherwise 75
points off the highs, a clear break in symmetry.
I think over time SPX goes to the 2680 area which is BIG support
below, however I think probably get a bounce sometime in between,
lower high then down to that level
$SPX - Chart Link - price fell back to
that support area, now 77.8 points off the high, so any questions
about a symmetry break should be answered.
there is some RSI divergence here and price is at this support
level. Obviously the big support is that 2680 level below,
which I believe will be tested over time, but do we fall right
there or have a bounce first. With the symmetry break if price does
find support here and bounce, one could look to short that next
higher low
Update: Market comments
Market comments
Posted by matt on 7th of Mar 2019 at 10:28 am
$SPX - Chart Link - here's the 60 min chart, slight bounce off that support area. Otherwise 75 points off the highs, a clear break in symmetry.
I think over time SPX goes to the 2680 area which is BIG support below, however I think probably get a bounce sometime in between, lower high then down to that level
Update: Update: Market comments
Posted by matt on 7th of Mar 2019 at 11:25 am
$SPX - Chart Link - so for a choppy abc bounce basically
Update: Update: Update: Market comments
Posted by matt on 7th of Mar 2019 at 03:19 pm
$SPX - Chart Link - price fell back to that support area, now 77.8 points off the high, so any questions about a symmetry break should be answered.
there is some RSI divergence here and price is at this support level. Obviously the big support is that 2680 level below, which I believe will be tested over time, but do we fall right there or have a bounce first. With the symmetry break if price does find support here and bounce, one could look to short that next higher low
market bounced right off that
Posted by matt on 7th of Mar 2019 at 10:36 am
market bounced right off that 2740 ish support zone.
Matt should we look at
Posted by DK on 7th of Mar 2019 at 10:34 am
Matt should we look at the 9ema for possible resistance on a bounce on spx?
yeah that could be resistance
Posted by matt on 7th of Mar 2019 at 10:36 am
yeah that could be resistance now.