it will be broken at some point, we will see a big trading
rally, 3 gaps above now starting with 4,397, Friday's close. I've
been thinking 100 SPX points once we see a low. If today was it at
4,243.50, then it sees 4,343.50 minimum for round numbers, and
possibly back to that gap I mentioned over time. I still believe
the earnings reports will be important, though wonder if some of
this is getting priced in already. See, didn't even need a chart,
I'm just guessing like everyone else here, analysts, etc.
SPX 5 min
Posted by matt on 24th of Jan 2022 at 12:00 pm
$SPX - Chart Link- some MACD divergence setup - otherwise symmetry needed to break is 50 points LOL
Update: SPX 5 min
Posted by matt on 24th of Jan 2022 at 12:22 pm
$SPX - Chart Link- possible wedge forming - just something to monitor - could see more margin forced selling
Update: Update: SPX 5 min
Posted by matt on 24th of Jan 2022 at 12:53 pm
$SPX - Chart Link- wedge playing out - needs to exceed 50 points
Update: Update: Update: SPX 5 min
Posted by matt on 24th of Jan 2022 at 01:10 pm
$SPX - Chart Link- updated view - clearly the wedge exceeded target after forming that divergence. Now monitor the VWAP here.
the sym break is a positive, now maybe we form higher low instead of lower lows again
Thanks for the updates Matt!
Posted by cozz101 on 24th of Jan 2022 at 01:19 pm
Thanks for the updates Matt! It would be nice to rebound a little here and/or form a higher low and then possibly rebound short term.
awesome - playing out!
Posted by matt on 24th of Jan 2022 at 01:20 pm
awesome - playing out!
today a great example of
Posted by matt on 24th of Jan 2022 at 02:02 pm
today a great example of the use of symmetry to objectively get a confirmed signal
one last thing - on
Posted by matt on 24th of Jan 2022 at 01:12 pm
one last thing - on that 5 min SPX chart, just like on a Trend day - watch that 50 day SMA and VWAP resistance areas
it will be broken at
Posted by fundamentalvalues on 24th of Jan 2022 at 12:05 pm
it will be broken at some point, we will see a big trading rally, 3 gaps above now starting with 4,397, Friday's close. I've been thinking 100 SPX points once we see a low. If today was it at 4,243.50, then it sees 4,343.50 minimum for round numbers, and possibly back to that gap I mentioned over time. I still believe the earnings reports will be important, though wonder if some of this is getting priced in already. See, didn't even need a chart, I'm just guessing like everyone else here, analysts, etc.
even better than I expected
Posted by fundamentalvalues on 24th of Jan 2022 at 04:39 pm
even better than I expected so far, booyah