S&P 500 IndexShort
[SPX] Where Do We Go Next.. Decision Coming by Friday! (or Mon?)
As this 1M RW runs Price right into the top of the 5Y Peak Channel we should finally see a significant breakout or breakdown.
Top of this Peak Channel should be quite reactive with Price.
I'm still expecting a breakdown here but we may get an exhaustion overthrow first.
This has high likelihood of being max Price but magenta 1Y Peak Channel lines are the backup here just in case.
Top of this Peak Channel should be quite reactive with Price.
I'm still expecting a breakdown here but we may get an exhaustion overthrow first.
This has high likelihood of being max Price but magenta 1Y Peak Channel lines are the backup here just in case.
Data analyst with a passion for best fit lines B)
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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.