also - the gap up trend days are almost always the same, but
sell off's are a different beast (remember emotion is different on
sell offs vs rallies)
again I would monitor that intra day symmetry: 11.6 points on
SPX cash. monitor for things like a wedge etc, and yes many times
if you do get an market low it occurs sometimes mid day, then you
get a break in symmetry. it's only 11:30 CST so it might be a bit
early yet. Again you either get a mid day low, or price tends up
mostly trending down the whole day into the close
Posted by DigiNomad on 2nd of Aug 2023 at 12:32 pm
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How do these trend days
Posted by DigiNomad on 2nd of Aug 2023 at 12:26 pm
How do these trend days work again? We're supposed to bounce a bit for lunch to recycle the indicators, right?
yeah generally. also - the gap
Posted by matt on 2nd of Aug 2023 at 12:30 pm
yeah generally.
also - the gap up trend days are almost always the same, but sell off's are a different beast (remember emotion is different on sell offs vs rallies)
again I would monitor that intra day symmetry: 11.6 points on SPX cash. monitor for things like a wedge etc, and yes many times if you do get an market low it occurs sometimes mid day, then you get a break in symmetry. it's only 11:30 CST so it might be a bit early yet. Again you either get a mid day low, or price tends up mostly trending down the whole day into the close
Posted by DigiNomad on 2nd of Aug 2023 at 12:32 pm