$SPX - Chart Link intra dya that was the
largest pullback but not over last couple of days
price fiddling around the VWAP area, and still holding the 50
SMA on the 5 min period. MACD has recycled back to zero, though the
60 Stochastisc is below the 80% level, which usually doesn't happen
on the trend day pullback, so we'll see...
SPX 5 min
Posted by matt on 9th of Jan 2023 at 01:05 pm
$SPX - Chart Link intra dya that was the largest pullback but not over last couple of days
price fiddling around the VWAP area, and still holding the 50 SMA on the 5 min period. MACD has recycled back to zero, though the 60 Stochastisc is below the 80% level, which usually doesn't happen on the trend day pullback, so we'll see...
Update: SPX 5 min
Posted by matt on 9th of Jan 2023 at 01:43 pm
$SPX - Chart Link- my comment earlier about the 60 Stoch losing the 80% level, and the intra day symmetry break is playing out
overall my favored view of
Posted by matt on 9th of Jan 2023 at 01:57 pm
overall my favored view of this pullback is some sort of wave 4, then once done get a move up in 5 to fill that open gap from Dec 15th
Matt what would you expect
Posted by DK on 9th of Jan 2023 at 02:00 pm
Matt what would you expect a 4th wave pull back on SPX to look like in terms of levels?
IDK add some fibs -
Posted by matt on 9th of Jan 2023 at 02:06 pm
IDK add some fibs - obviously not below 3873 as that would be overlap and it shouldn't get close to that - should be abc in nature