Matt, sorry, I should have been clearer. I meant that when Steve
said there was a 15 point move down from resistance, on the 5
minute chart it appeared to break symmetry (> 12) in the upward
trend that started at about 11:50am, signaling a lower high. Is
that how you see it? And would it's relevance change since it's so
late in the day? Or as junkie points out, a stronger signal on a
larger timeframe (4hr)?
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Matt, sorry, I should have
SPX resistance coming in was 3916-22 - held and now ...
Posted by zaphod on 19th of Jan 2023 at 04:29 pm
Matt, sorry, I should have been clearer. I meant that when Steve said there was a 15 point move down from resistance, on the 5 minute chart it appeared to break symmetry (> 12) in the upward trend that started at about 11:50am, signaling a lower high. Is that how you see it? And would it's relevance change since it's so late in the day? Or as junkie points out, a stronger signal on a larger timeframe (4hr)?