$SPX - Chart Link- anyway slight higher low so
far after that slight symmetry break.
notice that price bounced off the VWAP after being broken this
morning. would be best now if 4490 can be broken short term
one thing I've noticed about the symmetry breaks, most of the
time you get a break in the MA ribbon as well
$SPX - Chart Link2hr anyway price bounced off
the Jan 26th highs as I stated earlier, and then bounced off the
VWAP on that last pullback on the 5 min - the bounce of Jan 26th
highs was 40 SPX points. Volatility huge,
in this market try and
place orders around important support and resistance areas when
possible - that's your lower risk trades that result in larger
moves
you can see how these cycles can be useful, when the SPX tested
those Jan 26th highs (support), there was a 5 min cycle support on
SPX. Now if price can bust through this cycle resistance could
start a strong move but for now price is stalling there. Vwap is is
in yellow on this chart
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follow up comments
Posted by matt on 4th of Feb 2022 at 12:22 pm
$SPX - Chart Link- anyway slight higher low so far after that slight symmetry break.
notice that price bounced off the VWAP after being broken this morning. would be best now if 4490 can be broken short term
one thing I've noticed about the symmetry breaks, most of the time you get a break in the MA ribbon as well
$SPX - Chart Link2hr anyway price bounced off the Jan 26th highs as I stated earlier, and then bounced off the VWAP on that last pullback on the 5 min - the bounce of Jan 26th highs was 40 SPX points. Volatility huge,
in this market try and place orders around important support and resistance areas when possible - that's your lower risk trades that result in larger moves
Thanks, Matt.
Posted by mdgfain on 4th of Feb 2022 at 12:50 pm
Thanks, Matt.
you can see how these
Posted by matt on 4th of Feb 2022 at 12:29 pm
you can see how these cycles can be useful, when the SPX tested those Jan 26th highs (support), there was a 5 min cycle support on SPX. Now if price can bust through this cycle resistance could start a strong move but for now price is stalling there. Vwap is is in yellow on this chart