$SPX - Chart Link- the total wedge height is
about 300 points, I'm sure you can find small wedge targets via
symmetry. Otherwise MAJOR support is 3650, which I think will be
tested over time.
Posted by jtsurfah on 27th of Jan 2021 at 05:02 pm
So not a lot of room between daily DVT and MAJOR support. Maybe
better to give it some room down to that level? I know...trade your
plan :) Just wondering how you might approach it with the two being
relatively close to each other.
I'm seeing 5 mini waves down on that chart and wondering if we
may bounce here in an ABC to test the lower line on the
wedge. If so, might be a good opportunity to short or get out
of longs.
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SPX 120 min update
Posted by matt on 27th of Jan 2021 at 04:27 pm
$SPX - Chart Link- the total wedge height is about 300 points, I'm sure you can find small wedge targets via symmetry. Otherwise MAJOR support is 3650, which I think will be tested over time.
So not a lot of
Posted by jtsurfah on 27th of Jan 2021 at 05:02 pm
So not a lot of room between daily DVT and MAJOR support. Maybe better to give it some room down to that level? I know...trade your plan :) Just wondering how you might approach it with the two being relatively close to each other.
I'm seeing 5 mini waves
Posted by cozz101 on 27th of Jan 2021 at 04:47 pm
I'm seeing 5 mini waves down on that chart and wondering if we may bounce here in an ABC to test the lower line on the wedge. If so, might be a good opportunity to short or get out of longs.