daily shows the symmetry move how could measure down to that
lower trendline near the May low, ABC basically
Could a bounce then occur to for a RS lower higher? possibly,
here's a weekly chart. If that were to play out would be looking at
a bear market basically
yeah true, I didn't send an offical trade short about it but was
commented all week the negative MA ribbon and said to watch for a
pinch. Also posted as an educational for reference and the MA
ribbon pinch is something we discuss all the time. Charts like this
are still useful after the fact because calibrates your eyes and
maybe causes you to pay attention to a similar setup next time
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SPX daily and MA ribbon
Posted by matt on 23rd of Aug 2019 at 04:13 pm
$SPX - Chart Link - when that MA ribbon went negative a few weeks back, the first pinch/squeeze playing out.
otherwise there's some other things on the chart which I'll let Steve discuss this weekend
daily shows the symmetry move
Posted by matt on 23rd of Aug 2019 at 05:57 pm
daily shows the symmetry move how could measure down to that lower trendline near the May low, ABC basically
Could a bounce then occur to for a RS lower higher? possibly, here's a weekly chart. If that were to play out would be looking at a bear market basically
Excellent work as usual, Matt.
Posted by stevieb294 on 23rd of Aug 2019 at 06:28 pm
Excellent work as usual, Matt. Thanks
That looks a lot more
Posted by deep on 23rd of Aug 2019 at 06:26 pm
That looks a lot more likely !
Nice Matt looks good in
Posted by retirefire on 23rd of Aug 2019 at 04:21 pm
Nice Matt looks good in hindsight (for me) , now I guess the plan is be patient and wait for it to turn up
yeah true, I didn't send
Posted by matt on 23rd of Aug 2019 at 04:54 pm
yeah true, I didn't send an offical trade short about it but was commented all week the negative MA ribbon and said to watch for a pinch. Also posted as an educational for reference and the MA ribbon pinch is something we discuss all the time. Charts like this are still useful after the fact because calibrates your eyes and maybe causes you to pay attention to a similar setup next time