Will SPX enter the yellow diagonal channel?
If the index enters this yellow zone, it will be another 10% drop.
The next support levels are found at the Fibonacci retracement.
The DMI histogram is in an important region at -15.
Looking back to 1974, the indicator has been in this region 12 times.
4 times it continued down, and 8 times it reversed up.
The next support levels are found at the Fibonacci retracement.
The DMI histogram is in an important region at -15.
Looking back to 1974, the indicator has been in this region 12 times.
4 times it continued down, and 8 times it reversed up.
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