$SPX - Chart Link- I discussed this chart
yesterday, I was looking for a slight push up this morning which we
got. We still have this wedge and MACD divergence in
place.
Also the VIX has been concerning me with it's uncorrelation
one scenario on monitoring for is a pullback from the wedge
soon, but a higher low that stays over the broken channel lines
Steve showed on the weekend, which would be a buying opportunity.
Could form a inverse H&S pattern
SPX 60 min follow up comments
Posted by matt on 6th of Oct 2020 at 11:22 am
$SPX - Chart Link- I discussed this chart yesterday, I was looking for a slight push up this morning which we got. We still have this wedge and MACD divergence in place.
Also the VIX has been concerning me with it's uncorrelation
one scenario on monitoring for is a pullback from the wedge soon, but a higher low that stays over the broken channel lines Steve showed on the weekend, which would be a buying opportunity. Could form a inverse H&S pattern
3,348 has a gap in
Posted by fundamentalvalues on 6th of Oct 2020 at 11:31 am
3,348 has a gap in S&P, looks consistent with your chart