[SPX] Nicely Contained in Peak DT Channel... Gotta Break SOON!
Updated
One of the 2H candles today exactly scaled the Peak Downtrend Channel from top to bottom, I'll chalk that up to a win for my line drawing B).
Now lets see if this dives under or climbs itself out.
Leading catalyst looking like the Stim Deal Round 2 passage or failure.
Pelosi wants to look like she's dealing but not pass it cuz it'd benefit Trump...
Trump wants it to pass cuz it'd benefit the stock market...
Republican senators don't want to pass it cuz it'd piss off their base even more than the first one...
I think passage is a long shot right now and I'm playing it accordingly.
Now lets see if this dives under or climbs itself out.
Leading catalyst looking like the Stim Deal Round 2 passage or failure.
Pelosi wants to look like she's dealing but not pass it cuz it'd benefit Trump...
Trump wants it to pass cuz it'd benefit the stock market...
Republican senators don't want to pass it cuz it'd piss off their base even more than the first one...
I think passage is a long shot right now and I'm playing it accordingly.
Note
Still contained nicely. Lines are holdin strong!
Data analyst with a passion for best fit lines B)
Related publications
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.