SPX has been in an air pocket with regards to the TICK
pivots - the next one isn't until 4542, which was generated last
February. And above that there's one at 4565
follow up on the SPX TICK levels, as I stated earlier price was
in the middle of a thin zone, so that allowed for price to melt up,
price went and took out that 4542 level, then held it has support,
and for now price has worked up half way to the next TICk level at
4565
price almost made it to that next TICK level at 4565
otherwise as an educational example on the cycle indicator - the
resistance cycles - price either reverses off them or breaks
through them as a breakout. When prices break through them, it is
bullish and price tends to melt up - you can see that on the SPX
cash chart on the left and the ES chart on the right
TICK pivots levels on SPX cash
Posted by matt on 18th of Jul 2023 at 10:51 am
SPX has been in an air pocket with regards to the TICK pivots - the next one isn't until 4542, which was generated last February. And above that there's one at 4565
https://www.tradingview.com/chart/XhdK9UKW/
follow up on the SPX
Posted by matt on 18th of Jul 2023 at 02:46 pm
follow up on the SPX TICK levels, as I stated earlier price was in the middle of a thin zone, so that allowed for price to melt up, price went and took out that 4542 level, then held it has support, and for now price has worked up half way to the next TICk level at 4565
https://www.tradingview.com/chart/XhdK9UKW/
price almost made it to
Posted by matt on 18th of Jul 2023 at 03:58 pm
price almost made it to that next TICK level at 4565
otherwise as an educational example on the cycle indicator - the resistance cycles - price either reverses off them or breaks through them as a breakout. When prices break through them, it is bullish and price tends to melt up - you can see that on the SPX cash chart on the left and the ES chart on the right
Looks like the A’s were
Posted by pep8261 on 18th of Jul 2023 at 09:44 pm
Looks like the A’s were right.