I haven't shown this in a while, shows the TICK levels on the
SPX cash going back over a year, when the TICK spikes over 1000, it
creates support/resistance areas
here's the chart, this morning we lost the 5163 level from March
8th. There was an air pocket to the next one at 5135 from March
7th. Below that there's another air pocket to the next one at 5113,
from March 6th. Generally when one of these are broken, price moves
to the next level, especially if there's an air pocket
currently price is nearing the 5135 and holding it, but if that
is lost then a quick drop to 5113 may occur
I used to have a Tradingview workspace with these, I have to
rebuild that, once I do I'll share so that you can monitor them
there's that NYSE tick chart for SPX, big level around this 5113
tick spike going back to March 6th, a good loss of this could have
prices melt down in that air pocket to the next tick level at 5091.
Earlier this area was tested and bounced, yes went a few
points below, but these tick levels are really zones +/- 5
points.
and earlier today when price fell through that 5135 level, price
did indeed fall to the next level at 5113 as it was an air pocket
as well
once that 5153 tick spike from March 6th was lost price
flushed
that said, the scary thing here is that there's a big thin zone,
basically you have a TICK level at 5091 form Feb 29th, and there's
not another level until 5019 from Feb 9th, that's a long way
down
remember there's an air pocket big gap between those past NYSE
TICK spikes over 1000.
Tick levels are 5091 to 5019, it's rare to see that big of a gap
between the TICK levels, 70 points! usually once a level is
broken price eventually moves to the next pivot.
most of the time you only have gaps of 5 or 10 points between
the levels, so this is a big air pocket
remember I've been showing the TICK data and pointed out that
air pocket form 5091 to 5019 and said that it would likely be
filled, price now at the 5019 tick level
TICKS ?? -- for those of us stuck in the past-- are
you measuring price points every time TICKS spike up or down
1000 or more --and those levels are a support or resistance level
to be monitored ??
Posted by DigiNomad on 11th of Apr 2024 at 10:28 am
SPX - market internals were actually very bad / confirming
yesterday. They were so negative that a guy I follow was suggesting
they are near washout levels in the short term. It's been a while
since we had internals completely confirm like they did
yesterday.
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NYSE TICK spike levels above 1000
Posted by matt on 11th of Apr 2024 at 10:19 am
I haven't shown this in a while, shows the TICK levels on the SPX cash going back over a year, when the TICK spikes over 1000, it creates support/resistance areas
here's the chart, this morning we lost the 5163 level from March 8th. There was an air pocket to the next one at 5135 from March 7th. Below that there's another air pocket to the next one at 5113, from March 6th. Generally when one of these are broken, price moves to the next level, especially if there's an air pocket
currently price is nearing the 5135 and holding it, but if that is lost then a quick drop to 5113 may occur
I used to have a Tradingview workspace with these, I have to rebuild that, once I do I'll share so that you can monitor them
there's that NYSE tick chart
Posted by matt on 12th of Apr 2024 at 02:42 pm
there's that NYSE tick chart for SPX, big level around this 5113 tick spike going back to March 6th, a good loss of this could have prices melt down in that air pocket to the next tick level at 5091. Earlier this area was tested and bounced, yes went a few points below, but these tick levels are really zones +/- 5 points.
and earlier today when price fell through that 5135 level, price did indeed fall to the next level at 5113 as it was an air pocket as well
updated TICK chart for SPX
Posted by matt on 15th of Apr 2024 at 01:47 pm
updated TICK chart for SPX cash
once that 5153 tick spike from March 6th was lost price flushed
that said, the scary thing here is that there's a big thin zone, basically you have a TICK level at 5091 form Feb 29th, and there's not another level until 5019 from Feb 9th, that's a long way down
remember a long ways to
Posted by matt on 15th of Apr 2024 at 03:19 pm
remember a long ways to that next TICK at 5019/20
remember there's an air pocket
Posted by matt on 16th of Apr 2024 at 09:50 am
remember there's an air pocket big gap between those past NYSE TICK spikes over 1000.
Tick levels are 5091 to 5019, it's rare to see that big of a gap between the TICK levels, 70 points! usually once a level is broken price eventually moves to the next pivot.
most of the time you only have gaps of 5 or 10 points between the levels, so this is a big air pocket
tag your it! remember I've been
Posted by matt on 17th of Apr 2024 at 12:07 pm
tag your it!
remember I've been showing the TICK data and pointed out that air pocket form 5091 to 5019 and said that it would likely be filled, price now at the 5019 tick level
if this is lost, the next one is 5005
SPX bounced right off that
Posted by matt on 17th of Apr 2024 at 12:15 pm
SPX bounced right off that pivot for now, price filled that big air pocket, which was a magnet
TICKS ?? -- for those
Posted by Glad on 17th of Apr 2024 at 12:30 pm
TICKS ?? -- for those of us stuck in the past-- are you measuring price points every time TICKS spike up or down 1000 or more --and those levels are a support or resistance level to be monitored ??
here comes 5005
Posted by shellson2 on 17th of Apr 2024 at 12:45 pm
here comes 5005
Matt, filling that TICK air
Posted by kab34 on 17th of Apr 2024 at 12:06 pm
Matt, filling that TICK air pocket.
nice that you were monitor,
Posted by matt on 17th of Apr 2024 at 12:10 pm
nice that you were monitor, those TICK levels are amazing honestly. I need to place those levels on the trading view again.
I could probably release the Tradestation code for that for folks who have it
SPX - market internals were
Posted by DigiNomad on 11th of Apr 2024 at 10:28 am
SPX - market internals were actually very bad / confirming yesterday. They were so negative that a guy I follow was suggesting they are near washout levels in the short term. It's been a while since we had internals completely confirm like they did yesterday.