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 ??
updated TICK chart for SPX
NYSE TICK spike levels above 1000
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