3309 Drysdale Ct
Edwardsville, IL 62025
$SPX - Chart Link
Isn't an ascending triangle bearish usually ?
This is a diagonal - that typically resolves downward. If confirmed they would produce a deep retrace of the move up
Steve, regarding the SPX1 diagonal, what would a typical retrace of the move up be?
To the bottom of the pattern a(like I posted earlier to expect a deep retrace)
Also watching on additional weakness for a retest of the breakout area on SPX
Thank you Steve. So that would be 3763 or 3758 based on your 1min chart?
Yes and potentially lower should it want to retest breakout area 3720-30s
As I mentioned to Kobie - the IHS lacked symmetry
I took an objective short near the top and will trim and trail
Thanks for your insights, Steve.
yw
Yes!
Thanks
srusso- normally bearish
Wow, that's a beauty
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SPX 1 Adjusted
Posted by steve on 23rd of Jun 2022 at 11:12 am
$SPX - Chart Link
Isn't an ascending triangle bearish
Posted by srusso1 on 23rd of Jun 2022 at 11:17 am
Isn't an ascending triangle bearish usually ?
This is a diagonal -
Posted by steve on 23rd of Jun 2022 at 11:23 am
This is a diagonal - that typically resolves downward. If confirmed they would produce a deep retrace of the move up
Steve, regarding the SPX1 diagonal,
Posted by DK on 23rd of Jun 2022 at 11:52 am
Steve, regarding the SPX1 diagonal, what would a typical retrace of the move up be?
To the bottom of the
Posted by steve on 23rd of Jun 2022 at 11:54 am
To the bottom of the pattern a(like I posted earlier to expect a deep retrace)
Also watching on additional weakness for a retest of the breakout area on SPX
Thank you Steve. So that
Posted by DK on 23rd of Jun 2022 at 11:57 am
Thank you Steve. So that would be 3763 or 3758 based on your 1min chart?
Yes and potentially lower should
Posted by steve on 23rd of Jun 2022 at 12:01 pm
Yes and potentially lower should it want to retest breakout area 3720-30s
As I mentioned to Kobie - the IHS lacked symmetry
I took an objective short
Posted by steve on 23rd of Jun 2022 at 11:25 am
I took an objective short near the top and will trim and trail
Thanks for your insights, Steve.
Posted by mdgfain on 23rd of Jun 2022 at 11:34 am
Thanks for your insights, Steve.
yw
Posted by steve on 23rd of Jun 2022 at 11:38 am
yw
Yes!
Posted by kobie on 23rd of Jun 2022 at 11:27 am
Yes!
Thanks
Posted by srusso1 on 23rd of Jun 2022 at 11:24 am
Thanks
srusso- normally bearish
Posted by kobie on 23rd of Jun 2022 at 11:22 am
srusso- normally bearish
Wow, that's a beauty
Posted by timebandit on 23rd of Jun 2022 at 11:15 am
Wow, that's a beauty