yep exactly. plus things like sentiment and all the action in
the options market with all big bets in the puts, and news (UK etc)
help create moves like this
and remember we still had that higher low potential with that
symmetry break relative to the Oct 5th high. Also the MACD
divergence on daily and 1/2 day and divergence, and pos div on the
SPX McClellan.
this morning so far price retested the downtrend channel line
and found initial resistance there, however if this ends up being
at trend day it would likely break it. my thoughts is that we have
a higher low for now and if price retests that trendline again this
morning price will probably break through it
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yep exactly. plus things like
SPX I'm here singing that famous song, "they got short ...
Posted by matt on 17th of Oct 2022 at 10:20 am
yep exactly. plus things like sentiment and all the action in the options market with all big bets in the puts, and news (UK etc) help create moves like this
and remember we still had that higher low potential with that symmetry break relative to the Oct 5th high. Also the MACD divergence on daily and 1/2 day and divergence, and pos div on the SPX McClellan.
this morning so far price retested the downtrend channel line and found initial resistance there, however if this ends up being at trend day it would likely break it. my thoughts is that we have a higher low for now and if price retests that trendline again this morning price will probably break through it