The Market is still 50+ points from the Bollinger Band, now that it's moved up. However, we're in a channel and a breakdown of the channel may be significant. Trend is still up and the bias is as well. If we are to break below the 200 ma and the 18 weekly, bears would have to step in very soon. Otherwise we will continue to push up.
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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.