$SPX - Chart Link- this is the expanded flat
potential that I illustrated earlier which Matt reposted below.
The reason for this is the recent structure (corrective
moves) but price needs to go from here. Any move down below
3810 would likely produce more selling. The VIX comments
above are quite valid so do not overlook and watch for a resolution
to the pattern.
My plan is to trade level to level at this stage - maybe the FED
uses other tools vs rates to fight CPI. Just keep an open
mind here and trade what's in front of you.
SPX 15 Updated View
Posted by steve on 20th of Sep 2022 at 07:05 pm
$SPX - Chart Link- this is the expanded flat potential that I illustrated earlier which Matt reposted below. The reason for this is the recent structure (corrective moves) but price needs to go from here. Any move down below 3810 would likely produce more selling. The VIX comments above are quite valid so do not overlook and watch for a resolution to the pattern.
My plan is to trade level to level at this stage - maybe the FED uses other tools vs rates to fight CPI. Just keep an open mind here and trade what's in front of you.
Yesterday I depicted an expanded
Posted by steve on 21st of Sep 2022 at 10:30 am
Yesterday I depicted an expanded flat potential - first level to reclaim is 3887 which is 78% Fib of Wave A (that would simply imply a running flat)
SPX 3887 to the TICK
Posted by steve on 21st of Sep 2022 at 02:07 pm
SPX 3887 to the TICK
amazing
Posted by matt on 21st of Sep 2022 at 02:08 pm
amazing
of course TS locked up
Posted by matt on 21st of Sep 2022 at 02:09 pm
of course TS locked up like a tick for me now with all those ticks and volume from that- TS sucks in that way
I have had a personal
Posted by jroger on 20th of Sep 2022 at 07:11 pm
I have had a personal mantra for some time, which seems to be true, goes "Things that don't go up, go down". Such as your "flat".