Update: SPX intra day

    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.

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