3309 Drysdale Ct
Edwardsville, IL 62025
$SPX - Chart Link- to me at least looks like a
flag forming on the 15 min time frame, also note the ribbon
$SPX - Chart Link- updated 15 min view
$SPX - Chart Link- I added fibs and a potential
measured move on the flag
also notice the nice MA ribbon pinch that was in place at the
close yesterday, it was lined up
Hey Matt/Steve, could you comment on the 60 min vix pattern,
looks like some bull flag or a-b-c pullback. Thanks.
$VIX has been in an unusually tight range over the last 2 days
as well. Little double top here today...
Way too deep of a pullback for a bull flag - no real pattern but
wise to monitor
Quick question : 15 min ribbon pinched bullishly; 60 minutes is
pinching from the bearish underside. Which is the strongest/takes
you have to monitor the time frame you are monitoring. that said
to me I when I looked at the 60 min ribbon last night I thought it
had the look that it would go up enough to break through it.
this is where the 'art' comes into it or experience. I can't
really describe well in words the 'look' when the ribbon is bearish
and I think there's a high likelihood of it breaking through vs
reversing down again when it pinches. This comes after
viewing 100's or 1000's of past examples and calibrating your eye.
that's why for you guys, there's not substitute for taking the
time a few times a week and reviewing charts and past indicators to
see how they behave.
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