Posted by rmoore100 on 14th of May 2020 at 11:20 am
Matt, you may have already covered this, but regarding symmetry
on the 1-hour SPX chart, would you say that somewhat below 194 is
the target downward move to break symmetry (this was created late
March into early April) ? Appears right now we've only
dropped 179.
now with respect to larger symmetry - the pullback off the highs
180 points, so is larger than the last 2 pullbacks of about 155
points, but has NOT exceeded yet the largest pullback in the
uptrend which was 190 points
Posted by rmoore100 on 14th of May 2020 at 12:12 pm
Thanks again Matt !!! Noticed how symmetry might be
broken if it gets to that 200 MA on the 2-hour chart of 2,718,
which would be down then 228. Then thinking if we go below
that 200 MA, the SPX move downward could accelerate ?
Matt, you may have already
Posted by rmoore100 on 14th of May 2020 at 11:20 am
Matt, you may have already covered this, but regarding symmetry on the 1-hour SPX chart, would you say that somewhat below 194 is the target downward move to break symmetry (this was created late March into early April) ? Appears right now we've only dropped 179.
symmetry is relative to the
Posted by matt on 14th of May 2020 at 11:24 am
symmetry is relative to the time frame you are following. You have a symmetry break from the downtrend from May 12th high
also notice the MACD divergence at the lows
now with respect to larger
Posted by matt on 14th of May 2020 at 11:29 am
now with respect to larger symmetry - the pullback off the highs 180 points, so is larger than the last 2 pullbacks of about 155 points, but has NOT exceeded yet the largest pullback in the uptrend which was 190 points
Thanks again Matt !!!
Posted by rmoore100 on 14th of May 2020 at 12:12 pm
Thanks again Matt !!! Noticed how symmetry might be broken if it gets to that 200 MA on the 2-hour chart of 2,718, which would be down then 228. Then thinking if we go below that 200 MA, the SPX move downward could accelerate ?
Yes, I see .... Thanks
Posted by rmoore100 on 14th of May 2020 at 11:28 am
Yes, I see .... Thanks !!!