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S&P 500 Index
Long

SP500 REVERSAL FORMATION

89
There is an AB=CD pattern that targets the channel lower band.

Also, EMA 200 coincides the lower band.

These two arguments renders the channel lower band a strong support which makes me think that this can be a reversal level.
laterrasanta
AB=CDMoving AveragesParallel ChannelSPX (S&P 500 Index)

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AB=CDMoving AveragesParallel ChannelSPX (S&P 500 Index)
laterrasanta

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.