$SPX - Chart Link - so far 56 points off
the highs. The largest pullback since last pullback in early Dec
was 81 points, so symmetry is a ways off from breaking
that.
$SPX - Chart Link - nice move off that
symmetry break I pointed out earlier. Nice day trades
contracts to those who may have closed out SPY short earlier
near the low. I probably should have also just closed it out
on the site as well, but oh well
Hey Matt, question for you regarding symmetry. If we were
to drop 81 points from 3337.77, the points drop would equal the
points drop from Dec. However, the percentage drop would be
less, simply because we are at a higher SPX value. Should we
be using points or percentages? It might not make a huge
difference in the end, but just food for thought, especially if we
are looking at longer timeframes.
the % difference between now and early Dec would be very
negligible like only 3 points, so instead of 56 points, if you
adjusted via % then it's 59 points, means nothing
the point value for symmetry really only matters if you are
looking at weekly charts years back, then yeah you gotta adjust
your current point value by the price % difference between one from
years ago, but Dec to now is only 5%, it's negligible
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SPX 120 min and comments regarding symmetry
Posted by matt on 24th of Jan 2020 at 02:42 pm
$SPX - Chart Link - so far 56 points off the highs. The largest pullback since last pullback in early Dec was 81 points, so symmetry is a ways off from breaking that.
Update: SPX 120 min and comments regarding symmetry
Posted by matt on 24th of Jan 2020 at 03:24 pm
$SPX - Chart Link - nice move off that symmetry break I pointed out earlier. Nice day trades
contracts to those who may have closed out SPY short earlier near the low. I probably should have also just closed it out on the site as well, but oh well
Hey Matt, question for you
Posted by pebs on 24th of Jan 2020 at 02:48 pm
Hey Matt, question for you regarding symmetry. If we were to drop 81 points from 3337.77, the points drop would equal the points drop from Dec. However, the percentage drop would be less, simply because we are at a higher SPX value. Should we be using points or percentages? It might not make a huge difference in the end, but just food for thought, especially if we are looking at longer timeframes.
the % difference between now
Posted by matt on 24th of Jan 2020 at 02:59 pm
the % difference between now and early Dec would be very negligible like only 3 points, so instead of 56 points, if you adjusted via % then it's 59 points, means nothing
the point value for symmetry
Posted by matt on 24th of Jan 2020 at 03:08 pm
the point value for symmetry really only matters if you are looking at weekly charts years back, then yeah you gotta adjust your current point value by the price % difference between one from years ago, but Dec to now is only 5%, it's negligible