break in simetry on spx

    Posted by alseq on 20th of Nov 2019 at 02:15 pm

    break in simetry on spx    34/36 points down versus 24



    thx for the post! though regarding

    Posted by matt on 20th of Nov 2019 at 02:32 pm

    thx for the post!

    though regarding longer term symmetry depends how you look at it.  

    1st off pullback off the highs is 36.2 points on SPX cash.  If you look at this 60 min chart, the pullbacks have been 27 - 32 points.  32 vs 36 that's tough to call. 

    that said even if it is a symmetry break relative to the channel which it might be since price has broken the channel.  (NOTE THE BROKEN CHANNEL LINE might now act as resistance).

    however technically speaking the largest pullback in the uptrend is 67 points back in early Oct.  From a wave perspective this could be some sort of 4th wave basically

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