$SPX - Chart Link- 15 min view, OBVIOUSLY SPX
stalled exactly at that resistance, was a good area to lock in some
gains if you bought yesterday's close or take a short
$SPX - Chart Link- now 5 min, we've had a zig
zag pullback intra day, could this be an ABC that forms a higher
low then push again? or just to new lows again? we'll see...
$SPX - Chart Link- so far we bounced from near
that primary pivot area, we'll see of that was wave c or not, how
it acts this afternoon will be telling
one possibility here is the move up in the morning was A, and
the small (abc) pullback intra day a B, and we are going up in C to
take out the high of A.
here's a 15 and 5 min chart to illustrate this, otherwise price
back to resistance now
again this is one possibility, you could have a more complex
structure etc
another good push tomorrow could have the SPY system exit back
to cash again.
the thing is, tomorrow is Friday, so I could see the market up
in the morning and that C to play out then but not sure how it
closes on a Friday, could be up morning to mid day then give back a
lot who knows
SPX intra day
Posted by matt on 13th of May 2021 at 01:44 pm
$SPX - Chart Link- 15 min view, OBVIOUSLY SPX stalled exactly at that resistance, was a good area to lock in some gains if you bought yesterday's close or take a short
$SPX - Chart Link- now 5 min, we've had a zig zag pullback intra day, could this be an ABC that forms a higher low then push again? or just to new lows again? we'll see...
Update: SPX intra day
Posted by matt on 13th of May 2021 at 02:02 pm
$SPX - Chart Link- so far we bounced from near that primary pivot area, we'll see of that was wave c or not, how it acts this afternoon will be telling
Update: Update: SPX intra day
Posted by matt on 13th of May 2021 at 03:00 pm
$SPX - Chart Link- gotta say that was a pretty good call of mine, the abc
so further expanding on that
Posted by matt on 13th of May 2021 at 03:07 pm
so further expanding on that 5 min abc pullback
one possibility here is the move up in the morning was A, and the small (abc) pullback intra day a B, and we are going up in C to take out the high of A.
here's a 15 and 5 min chart to illustrate this, otherwise price back to resistance now
again this is one possibility, you could have a more complex structure etc
thanks for the chart
Posted by watcdy on 13th of May 2021 at 03:19 pm
thanks for the chart
A symmetrical leg up would
Posted by lsherrer on 13th of May 2021 at 03:16 pm
A symmetrical leg up would reach near the 15-min 200-day MA. https://schrts.co/bgPADFVe
another good push tomorrow could
Posted by matt on 13th of May 2021 at 03:18 pm
another good push tomorrow could have the SPY system exit back to cash again.
the thing is, tomorrow is Friday, so I could see the market up in the morning and that C to play out then but not sure how it closes on a Friday, could be up morning to mid day then give back a lot who knows
The last 10 min reversal
Posted by kevindeng0727 on 13th of May 2021 at 04:20 pm
The last 10 min reversal could be it? C already higher than a
Matt, I especially like when
Posted by lsherrer on 13th of May 2021 at 03:44 pm
Matt, I especially like when you share your strategic thinking about what could be ahead.
Excellent trade and management. Kudos
Posted by retirefire on 13th of May 2021 at 03:35 pm
Excellent trade and management. Kudos to anyone who got out and back in for the ride back up.
38.2 FIB respected too
Posted by retirefire on 13th of May 2021 at 01:53 pm
38.2 FIB respected too
what time frame chart are
Posted by watcdy on 13th of May 2021 at 02:53 pm
what time frame chart are you measuring fib moves ---daily from yesterday low or something else??--5 -15-60 min ? please
Nice views
Posted by steve on 13th of May 2021 at 01:45 pm
Nice views