$SPX - Chart Link- updated view - nice trade,
you got your 20 point bounce intra day symmetry break, then a small
pullback there. What I generally do on symmetry breaks is that I go
long on the symmetry break because sometimes that higher low
doesn't occur for a while so I like to get something, and I look
for triggers on pullbacks
Short-term price is just over VWAP so let's see if it can hold
that or if it loses it
$SPX - Chart Link- updated view on the intra
day symmetry - largest two rallies were about 15/16 points - that
needs to be exceeded intra day to start some sort of late day
rally.
Otherwise on a Trend down day price could just keep stair
stepping down, unless you get that intra day symmetry brea
SPX 3 min intra day
Posted by matt on 15th of Dec 2022 at 11:36 am
$SPX - Chart Link- largest bounce intra day was about 16 points, so that's the current reference for symmetry bounces
at the moment we have MACD div, we'll see if that can lead to a bounce or not
Update: SPX 3 min intra day
Posted by matt on 15th of Dec 2022 at 03:12 pm
$SPX - Chart Link- updated view - nice trade, you got your 20 point bounce intra day symmetry break, then a small pullback there. What I generally do on symmetry breaks is that I go long on the symmetry break because sometimes that higher low doesn't occur for a while so I like to get something, and I look for triggers on pullbacks
Short-term price is just over VWAP so let's see if it can hold that or if it loses it
$SPX - Chart Link- 5 min view
Update: SPX 3 min intra day
Posted by matt on 15th of Dec 2022 at 02:10 pm
$SPX - Chart Link- updated view on the intra day symmetry - largest two rallies were about 15/16 points - that needs to be exceeded intra day to start some sort of late day rally.
Otherwise on a Trend down day price could just keep stair stepping down, unless you get that intra day symmetry brea
Matt, on an SPX bounce
Posted by DK on 15th of Dec 2022 at 12:00 pm
Matt, on an SPX bounce assuming we get one for the wave 4, what would be a target?
thanks for pointing this out
Posted by greggone on 15th of Dec 2022 at 11:47 am
thanks for pointing this out Matt ;)