$SPX - Chart Link- the wedge and symmetry I
discussed last night - the downtrend from the Mar 28th high has
produced two very symmmetry rallies of 143 and 146 points - this
projects to a target around the 4200 range for symmetry - now if
this is an abc rally up I would expect a break in symmetry and
higher low for that wave b - abc basically
Matt, based on the 2 hour spx chart you posted this morning, are
you still expecting a move to the 4225 area and then he moved back
down to support it 4175?
some sort of abc like move - currently price is setting right
near resistance - at this 4200 zone - remember the largest rallies
have been 140 ish points - so off the 4062 low + 140 points puts
the SPX up in this symmetry target resistance range.
what I would like to see is for price to push through this some
to break symmetry - then higher odds at a higher low wave b, then
another move up in c to 4300 area
again at the moment price is right in this symmetry resistance
zone - logically having trouble here
SPX views
Posted by matt on 3rd of May 2022 at 10:04 am
$SPX - Chart Link- the wedge and symmetry I discussed last night - the downtrend from the Mar 28th high has produced two very symmmetry rallies of 143 and 146 points - this projects to a target around the 4200 range for symmetry - now if this is an abc rally up I would expect a break in symmetry and higher low for that wave b - abc basically
$SPX - Chart Link-
Update: SPX views
Posted by matt on 3rd of May 2022 at 10:11 am
$SPX - Chart Link- price logically struggled at that resistance - needs to clear that area around the 4175
Matt, based on the 2
Posted by DK on 3rd of May 2022 at 01:50 pm
Matt, based on the 2 hour spx chart you posted this morning, are you still expecting a move to the 4225 area and then he moved back down to support it 4175?
some sort of abc like
Posted by matt on 3rd of May 2022 at 01:57 pm
some sort of abc like move - currently price is setting right near resistance - at this 4200 zone - remember the largest rallies have been 140 ish points - so off the 4062 low + 140 points puts the SPX up in this symmetry target resistance range.
what I would like to see is for price to push through this some to break symmetry - then higher odds at a higher low wave b, then another move up in c to 4300 area
again at the moment price is right in this symmetry resistance zone - logically having trouble here
SPX stalled right at that
Posted by matt on 3rd of May 2022 at 02:21 pm
SPX stalled right at that symmetry target area, we'll see if a higher low can form, but would have been better to break that.
otherwise bitcoin and crypto has been weak and that stuff tends to lead
Been watching crypto for clues
Posted by cozz101 on 3rd of May 2022 at 02:25 pm
Been watching crypto for clues to direction...maybe fedspeak fears
cryptos are still weak, which
Posted by matt on 3rd of May 2022 at 10:14 am
cryptos are still weak, which is an issue for the market