I don't show these that often even though these are extremely
useful. I need to update the TradingView workspace where I add
these levels. Basically whenever the TICK spikes way over
1000 or below -1000 tends to set support and resistance zones and
they stay valid for months after
here's a 1 min chart of SPX cash - you can see the last bounce
stalled near the TICK spike that occurred back on June 28th on the
cash open at 5487
The big support ones are below at 5434 from 7/26, and 5421 from
June 12th. The thicker lines are where the TICK spiked above 1200,
and 1500, the thin line is above 1000 - basically the thicker line
the bigger the spike in the TICK
otherwise price is coiling on the indexes, big move coming
soon
SPX NYSE TICK levels
Posted by matt on 29th of Jul 2024 at 03:06 pm
I don't show these that often even though these are extremely useful. I need to update the TradingView workspace where I add these levels. Basically whenever the TICK spikes way over 1000 or below -1000 tends to set support and resistance zones and they stay valid for months after
here's a 1 min chart of SPX cash - you can see the last bounce stalled near the TICK spike that occurred back on June 28th on the cash open at 5487
The big support ones are below at 5434 from 7/26, and 5421 from June 12th. The thicker lines are where the TICK spiked above 1200, and 1500, the thin line is above 1000 - basically the thicker line the bigger the spike in the TICK
otherwise price is coiling on the indexes, big move coming soon
Matt, that would be great
Posted by rmoore100 on 29th of Jul 2024 at 05:01 pm
Matt, that would be great if you could include this tick indicator and place a TradingView link out there with 6 or so charts. Thanks !!!