$SPX - Chart Link- this is the 30 min chart
discussed yesterday that we favored because of the bullish break in
symmetry
working on that wave c - it's at the bottom of the target range,
though I would like to see it work up to that 50% or 61.8% Fib to
suck in panic buying before the next decline
$SPX - Chart Link- just perfect on that 5 min.
formed a divergent high in the afternoon via the MACD, then a lower
high bounce (also had a bearish MACD KISS/Stoch OB setup there)
Steve on ES, if this is a trend day which it looks like it is,
would a B wave coincide with an intraday pullback on the SPX where
the MACD on the 5 minutes chart recycles back to zero?
Trend day
Posted by matt on 23rd of Aug 2023 at 01:16 pm
$SPX - Chart Link typical trend day so far - also, the clue this morning was the breakaway gap/
Trend day if there is a pullback it's in the afternoon on some divergence
but otherwise that 30 min scenario that we favored is playin gout
Update: Trend day
Posted by matt on 23rd of Aug 2023 at 01:19 pm
$SPX - Chart Link- this is the 30 min chart discussed yesterday that we favored because of the bullish break in symmetry
working on that wave c - it's at the bottom of the target range, though I would like to see it work up to that 50% or 61.8% Fib to suck in panic buying before the next decline
Update: Update: Trend day
Posted by matt on 23rd of Aug 2023 at 03:00 pm
$SPX - Chart Link- got that pullback in the afternoon from the MACD divergence I mentioned earlier
Update: Update: Update: Trend day
Posted by matt on 23rd of Aug 2023 at 03:57 pm
$SPX - Chart Link- just perfect on that 5 min. formed a divergent high in the afternoon via the MACD, then a lower high bounce (also had a bearish MACD KISS/Stoch OB setup there)
On the ES this could
Posted by steve on 23rd of Aug 2023 at 01:33 pm
On the ES this could be wave A unfolding then a wave B pullback then up again (many options so trade YOUR PLAN)
Steve on ES, if this
Posted by DK on 23rd of Aug 2023 at 02:21 pm
Steve on ES, if this is a trend day which it looks like it is, would a B wave coincide with an intraday pullback on the SPX where the MACD on the 5 minutes chart recycles back to zero?
The Wave B pullback that
Posted by steve on 23rd of Aug 2023 at 02:23 pm
The Wave B pullback that I referenced for ES would be much deeper following completion of this uptrend - not referring to an intraday chart.
Thanks Steve
Posted by DK on 23rd of Aug 2023 at 02:24 pm
Thanks Steve