$SPX - Chart Link-exceeded symmetry by about 11
points. 11 points out of 214 isn't much, technically it's a break
but it may also be within the noise. That's where this stuff gets a
bit iffy subjective. I like it when symmetry is strongly exceeded
so that there's not question about it vs did it break enough or is
it within noise
otherwise going back to something I discussed in my newsletter a
couple weeks back where I discussed a scenario showing how the
market could top out in early Dec, then sell off before Christmas -
and finally get some sort of Santa Rally...BUT..that Santa rally
would form a lower high - and a symmetry break would be your first
confirmation of that potential scenario coming
Posted by chlo8888 on 15th of Dec 2022 at 02:21 pm
Matt-
Correct me if I'm wrong but we have broken symmetry on the
selloffs right? The plunge from yesterday's high so far is 222
points which exceeds the 214 and 182 point pullbacks. Doesn't this
imply that a lower high from here could setup an even deeper
plunge? This break of symmetry seems bearish right?
I commented on it below and remember the day is young, so if
another drop to a new intra day low, the symmetry will be exceeded
even more, which would make it more definitive
exceeded symmetry by about
11 points. 11 points out of 214 isn't much, technically it's a
break but it may also be within the noise. That's where this stuff
gets a bit iffy subjective. I like it when symmetry is strongly
exceeded so that there's not question about it vs did it break
enough or is it within noise
otherwise going back to
something I discussed in my newsletter a couple weeks back where I
discussed a scenario showing how the market could top out in early
Dec, then sell off before Christmas - and finally get some sort of
Santa Rally...BUT..that Santa rally would form a lower high - and a
symmetry break would be your first confirmation of that potential
scenario coming
Posted by fredsaid on 15th of Dec 2022 at 02:14 pm
Yes sir - that's the one! Should map your early pattern
over the GF one. We could get a little more of the break
today before Wave iv to help with any skeptisism. I'm hoping
a longer wave v will take us down to the 3750ish gap.
symmetry? no no, symmetry is intra bar - I was referring to STS
levels on KISS charts. Again, regarding those I discussed in a
video - kind of depends how you want to react to those: One method
I like is stopping out at the STS and if price happens to close
back above it that same day, I just buy back. Others may elect to
wait for a closing basis - which cuts out a lot of whipsaws, but it
also doesn't protect you against the gut wrenching sell off days
where the STS would have been hit 20 points lower from the open but
price loses down 150 and it was better to just exit at the STS -
again whatever floats your boat
per your newsletter , you are just normal avg guys!
Idk if this symmetry target holds I might start
thinking youre in the club :) either way nice little
bounce off of it
LOL what I meant by that comment is that Steve and I are not
insiders and politicians who seem to get news leaked to them before
the general public and other shenanigans
Haha yes i know ... Great bounce of it and nce rejection off of
3900. I did just have an alert from trading view that I
created in Nov 17th that this was a big spot for BULLS
...
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SPX 120 min symmetry
Posted by matt on 15th of Dec 2022 at 12:13 pm
$SPX - Chart Link- largest pullback in uptrend was 214 points, subtracting that from the highs
4101- 214 = 3887, where price is basically at right now
Update: SPX 120 min symmetry
Posted by matt on 15th of Dec 2022 at 02:06 pm
$SPX - Chart Link- note the demand zone and the 38% Fib
$SPX - Chart Link-exceeded symmetry by about 11 points. 11 points out of 214 isn't much, technically it's a break but it may also be within the noise. That's where this stuff gets a bit iffy subjective. I like it when symmetry is strongly exceeded so that there's not question about it vs did it break enough or is it within noise
otherwise going back to something I discussed in my newsletter a couple weeks back where I discussed a scenario showing how the market could top out in early Dec, then sell off before Christmas - and finally get some sort of Santa Rally...BUT..that Santa rally would form a lower high - and a symmetry break would be your first confirmation of that potential scenario coming
Update: Update: SPX 120 min symmetry
Posted by matt on 15th of Dec 2022 at 03:37 pm
$SPX - Chart Link- this shows the lower high scenario - an abc bounce that forms a lower high once it begins
Matt- Correct me if I'm wrong
Posted by chlo8888 on 15th of Dec 2022 at 02:21 pm
Matt-
Correct me if I'm wrong but we have broken symmetry on the selloffs right? The plunge from yesterday's high so far is 222 points which exceeds the 214 and 182 point pullbacks. Doesn't this imply that a lower high from here could setup an even deeper plunge? This break of symmetry seems bearish right?
I commented on it below
Posted by matt on 15th of Dec 2022 at 02:24 pm
I commented on it below and remember the day is young, so if another drop to a new intra day low, the symmetry will be exceeded even more, which would make it more definitive
exceeded symmetry by about 11 points. 11 points out of 214 isn't much, technically it's a break but it may also be within the noise. That's where this stuff gets a bit iffy subjective. I like it when symmetry is strongly exceeded so that there's not question about it vs did it break enough or is it within noise
otherwise going back to something I discussed in my newsletter a couple weeks back where I discussed a scenario showing how the market could top out in early Dec, then sell off before Christmas - and finally get some sort of Santa Rally...BUT..that Santa rally would form a lower high - and a symmetry break would be your first confirmation of that potential scenario coming
Yes sir - that's the
Posted by fredsaid on 15th of Dec 2022 at 02:14 pm
Yes sir - that's the one! Should map your early pattern over the GF one. We could get a little more of the break today before Wave iv to help with any skeptisism. I'm hoping a longer wave v will take us down to the 3750ish gap.
Hey Matt, the 214 is
Posted by shellson2 on 15th of Dec 2022 at 01:56 pm
Hey Matt, the 214 is in a closing basis? Thank you
symmetry? no no, symmetry is
Posted by matt on 15th of Dec 2022 at 01:59 pm
symmetry? no no, symmetry is intra bar - I was referring to STS levels on KISS charts. Again, regarding those I discussed in a video - kind of depends how you want to react to those: One method I like is stopping out at the STS and if price happens to close back above it that same day, I just buy back. Others may elect to wait for a closing basis - which cuts out a lot of whipsaws, but it also doesn't protect you against the gut wrenching sell off days where the STS would have been hit 20 points lower from the open but price loses down 150 and it was better to just exit at the STS - again whatever floats your boat
per your newsletter , you
Posted by jcm2323 on 15th of Dec 2022 at 12:29 pm
per your newsletter , you are just normal avg guys! Idk if this symmetry target holds I might start thinking youre in the club :) either way nice little bounce off of it
LOL what I meant by
Posted by matt on 15th of Dec 2022 at 12:46 pm
LOL what I meant by that comment is that Steve and I are not insiders and politicians who seem to get news leaked to them before the general public and other shenanigans
Haha yes i know ...
Posted by jcm2323 on 15th of Dec 2022 at 01:15 pm
Haha yes i know ... Great bounce of it and nce rejection off of 3900. I did just have an alert from trading view that I created in Nov 17th that this was a big spot for BULLS ...