[SPX] LOL Cleared Entire 5Y Peak Channel EXACTLY in Just 2H!
Bounced right back up to the bottom of my horizontal S/R box too.
Yawn...
Yawn...
Note
The bottom of that channel is solid af, lets hope Price doesn't break below THAT ;)...Note
UVXY at an RSI X-roads right now. I think we break up and stick to uptrend here...Note
Price struggling to get back into 1Y Peak Channel (magenta)...Note
RSI still got a lot of Selloff room especially if we break under RSI support...Note
SPX increasing while UVXY trends sideways... markets won't be holding this bunce long...Note
Who coulda guessed we'd retest the top of the 5Y Peak Channel haha AND that the bottom of the 1Y Peak Channel would be a key point as well...
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
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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.