$SPX - Chart Link- As you know my wedge has
played out. I added a symmetry target of the wedge which was
basically hit at the morning highs, see cyan dotted lines 96 points
vs 92.
again if this small abc pullback on the 5 min results in another
push and new highs this afternoon then symmetry could be broken,
but for now that's where price logically stalled this morning
we'll see what happens this afternoon. it's still possible we
get an afternoon push up like a trend day but price needs to find
support soon and on the 5 min SPX I'd like to see 60 Stochastic
remain mostly above 80% and MACD above zero
Watch Symmetry guys
Posted by matt on 14th of Sep 2020 at 11:16 am
$SPX - Chart Link- As you know my wedge has played out. I added a symmetry target of the wedge which was basically hit at the morning highs, see cyan dotted lines 96 points vs 92.
again if this small abc pullback on the 5 min results in another push and new highs this afternoon then symmetry could be broken, but for now that's where price logically stalled this morning
Update: Watch Symmetry guys
Posted by matt on 14th of Sep 2020 at 01:16 pm
$SPX - Chart Link- follow up to my post earlier on symmetry. So far price stalled today at the symmetry move of the wedge on both SPX and QQQ
QQQ - Chart Link-
we'll see what happens this afternoon. it's still possible we get an afternoon push up like a trend day but price needs to find support soon and on the 5 min SPX I'd like to see 60 Stochastic remain mostly above 80% and MACD above zero
Maybe this is the higher
Posted by amcap on 14th of Sep 2020 at 01:35 pm
Maybe this is the higher low playing out
Maybe the lower high.?
Posted by jksnyders on 14th of Sep 2020 at 02:32 pm
Maybe the lower high.?