3309 Drysdale Ct
Edwardsville, IL 62025
$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
$SPX - Chart Link- gotta say that was a pretty
good call of mine, the abc
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
thanks for the chart
A symmetrical leg up would reach near the 15-min 200-day MA.
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 could be it? C already higher than
Matt, I especially like when you share your strategic thinking
about what could be ahead.
Excellent trade and management. Kudos to anyone who got out and
back in for the ride back up.
38.2 FIB respected too
what time frame chart are you measuring fib moves ---daily
from yesterday low or something else??--5 -15-60 min ?
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