$SPX - Chart Link- daily chart - notice you
have 3 confluence zones coming out: the 38% Fib retracement from
the highs, the 50% Fib retracement from the high of the lower high
bounce in early March, and the 20 day MA.
$SPX - Chart Link- 2hr view with the Fibs from
the highs, the 38% Fib is coming up at 2650
$SPX - Chart Link- 60 min view - again notice
the 50% Fib from the lower high bounce in early March
QQQ - Chart Link- have made it to the 50% Fib
retracement from the highs
IWM - Chart Link- 60 min view of IWM showing
the Inv H&S pattern I showed on Monday before the close, still
hasn't hit its measure move
Market follow up and observations
Posted by matt on 26th of Mar 2020 at 04:15 pm
$SPX - Chart Link- daily chart - notice you have 3 confluence zones coming out: the 38% Fib retracement from the highs, the 50% Fib retracement from the high of the lower high bounce in early March, and the 20 day MA.
$SPX - Chart Link- 2hr view with the Fibs from the highs, the 38% Fib is coming up at 2650
$SPX - Chart Link- 60 min view - again notice the 50% Fib from the lower high bounce in early March
QQQ - Chart Link- have made it to the 50% Fib retracement from the highs
IWM - Chart Link- 60 min view of IWM showing the Inv H&S pattern I showed on Monday before the close, still hasn't hit its measure move
I think we probably follow
Posted by matt on 26th of Mar 2020 at 06:05 pm
I think we probably follow through some tomorrow into mid day then maybe sell into the close for the weekend