$SPX - Chart Link- note symmetry and that open
gap way down there. Otherwise hope for a bounce back to re-test
that neckline on Monday if we are lucky. don't always get what you
want though
Filed 2 gaps today, approaching lower bound of channel.
Also, super far from VWAP. Not a very strong case for
bulls, but some data points supporting at least a dead cat
bounce.
SPX 60 min
Posted by matt on 26th of Aug 2022 at 02:58 pm
$SPX - Chart Link- note symmetry and that open gap way down there. Otherwise hope for a bounce back to re-test that neckline on Monday if we are lucky. don't always get what you want though
SPY - A view of
Posted by Orangeman on 26th of Aug 2022 at 03:14 pm
SPY - A view of the down channel since last Tuesday's high.
https://www.tradingview.com/x/DV68zL08/
Filed 2 gaps today, approaching lower bound of channel. Also, super far from VWAP. Not a very strong case for bulls, but some data points supporting at least a dead cat bounce.
the recent decline marked as
Posted by sjohnson on 26th of Aug 2022 at 03:02 pm
the recent decline marked as 213 was only 205.31 (4325.28 - 4119.97). Doesn't change anything though.
yes you are correct -
Posted by matt on 26th of Aug 2022 at 03:03 pm
yes you are correct - also round that to 205, .31 is meaningless with that point size
however IWM had clearly broken symmetry with that 12 point pullback vs 11.4 as I covered on Wed