$SPX - Chart Link- Note there was a new TICK
Pivot generated on the gap up at 4485, which there was already one
there, and there's yet another one from 4484, so there's 3 of them
right in that area overlapping
Would be nice to get down into that gap area near the 4,367
(130) green line on the chart to start. I hedged against the spike
above resistance today and then sold it when we filled the gap from
Friday's close 4,395. No man's land here now until I see some more
evidence
Looks like a h&s pattern setting up, maybe we will get some
downside soon if they allow it
New TICK pivot generated on the open
Posted by matt on 2nd of Aug 2021 at 09:40 am
$SPX - Chart Link- Note there was a new TICK Pivot generated on the gap up at 4485, which there was already one there, and there's yet another one from 4484, so there's 3 of them right in that area overlapping
Update: New TICK pivot generated on the open
Posted by matt on 2nd of Aug 2021 at 11:51 am
$SPX - Chart Link- so far on the SPX price was unable to get above and stay above those pivots
Would be nice to get
Posted by fundamentalvalues on 2nd of Aug 2021 at 01:41 pm
Would be nice to get down into that gap area near the 4,367 (130) green line on the chart to start. I hedged against the spike above resistance today and then sold it when we filled the gap from Friday's close 4,395. No man's land here now until I see some more evidence
Looks like a h&s pattern setting up, maybe we will get some downside soon if they allow it
yes essentially price just trading
Posted by matt on 2nd of Aug 2021 at 02:36 pm
yes essentially price just trading in no mans land between those pivot resistance and support areas