Matt, sorry, I should have been clearer. I meant that when Steve
said there was a 15 point move down from resistance, on the 5
minute chart it appeared to break symmetry (> 12) in the upward
trend that started at about 11:50am, signaling a lower high. Is
that how you see it? And would it's relevance change since it's so
late in the day? Or as junkie points out, a stronger signal on a
larger timeframe (4hr)?
Yep, you did do a good job. Even as a noob I could follow. And
because you've shown how to use symmetry a few times, I actually
used that symmetry break today to take an entry. Feels good to
learn!
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Matt, sorry, I should have
SPX resistance coming in was 3916-22 - held and now ...
Posted by zaphod on 19th of Jan 2023 at 04:29 pm
Matt, sorry, I should have been clearer. I meant that when Steve said there was a 15 point move down from resistance, on the 5 minute chart it appeared to break symmetry (> 12) in the upward trend that started at about 11:50am, signaling a lower high. Is that how you see it? And would it's relevance change since it's so late in the day? Or as junkie points out, a stronger signal on a larger timeframe (4hr)?
And a break in symmetry,
SPX resistance coming in was 3916-22 - held and now ...
Posted by zaphod on 19th of Jan 2023 at 03:47 pm
And a break in symmetry, eh? (on the 5 min chart, I should say)
Yep, you did do a
SPX 15 min, 60 min
Posted by zaphod on 22nd of Dec 2022 at 03:39 pm
Yep, you did do a good job. Even as a noob I could follow. And because you've shown how to use symmetry a few times, I actually used that symmetry break today to take an entry. Feels good to learn!
Here's exactly what I see.
Revised trade plan, if the IV and V plays out ...
Posted by zaphod on 22nd of Dec 2022 at 02:56 pm
Here's exactly what I see. I'm assuming it is correct.
I have Firefox and a
Revised trade plan, if the IV and V plays out ...
Posted by zaphod on 22nd of Dec 2022 at 02:50 pm
I have Firefox and a Stockcharts sub, and amcap's charts look fine to me.
Thanks for this bit of
SPX Just as I posted this morning. Get em' short ...
Posted by zaphod on 13th of Oct 2022 at 03:31 pm
Thanks for this bit of clarity! I really needed to hear this message today in order to lock in some mid-term hedge profits.
Positive divergence on the VVIX:VIX
Posted by zaphod on 7th of Oct 2022 at 11:56 am
Positive divergence on the VVIX:VIX suggests upward intraday SPX?