SP500 points to ponder – 2011 and 2015 selloff comparison
Looking at similarities in structure and proportions, both in price and the rsi.
Upon closer inspection of the 8hr line chart, I’m finding some interesting symmetry when aligning points where price held the bottom of the previous long holding range and which the initial selloff low and where price closed at the end of the week (Aug 28). The down trend lines on both price and the rsi look to be key areas where price is following the same reversal points.
These look to be key intersections to watch in the coming weeks.
market-observer.rhcl...1-and-2015-selloffs/
Upon closer inspection of the 8hr line chart, I’m finding some interesting symmetry when aligning points where price held the bottom of the previous long holding range and which the initial selloff low and where price closed at the end of the week (Aug 28). The down trend lines on both price and the rsi look to be key areas where price is following the same reversal points.
These look to be key intersections to watch in the coming weeks.
market-observer.rhcl...1-and-2015-selloffs/
