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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, 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. I'm assuming it is correct.

I have Firefox and a Stockcharts sub, and amcap's charts look fine to me.

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?

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