$SPX - Chart Link- remember the previous
largest pullback in the uptrend from the Oct lows was about 340
points (from December's pullback). The pullback today basically
tagged that area, exceeded it by 8 points (close enough).
I think one of you asked if that qualified as a symmetry break?
I don't see the post now, disappeared.
again that's where the subjectiveness comes in: 337 points vs
339, so 12 points. Is 12 points on 337 enough or is it just noise?
I can't tell you. If it was 50 points sure, that's a clean break.
Again that's where this stuff gets a bit subjective.
SPX symmetry longer term daily, 1/2 day
Posted by matt on 10th of Mar 2023 at 02:48 pm
$SPX - Chart Link- remember the previous largest pullback in the uptrend from the Oct lows was about 340 points (from December's pullback). The pullback today basically tagged that area, exceeded it by 8 points (close enough).
$SPX - Chart Link- daily
was logical to expect at least some support from that symmetry target area
I think one of you
Posted by matt on 10th of Mar 2023 at 02:56 pm
I think one of you asked if that qualified as a symmetry break? I don't see the post now, disappeared.
again that's where the subjectiveness comes in: 337 points vs 339, so 12 points. Is 12 points on 337 enough or is it just noise? I can't tell you. If it was 50 points sure, that's a clean break. Again that's where this stuff gets a bit subjective.
Yeah, I deleted it after
Posted by frtaylor on 10th of Mar 2023 at 03:02 pm
Yeah, I deleted it after seeing your post. I came to the same conclusion, it's in a grey area. Certainly isn't a clear case of a break.