Spy now at 800% or 8x the 20 day Turtle Channel.
Measured off the bottom of October 2023. SPY hit the 800% or 8x the 20 day price channel. For the back testers out there, the 2023 market correction was 400% or 4x of the 55 day price channel. I think the market will be ready for a pause soon. Spy is also at 1.618 extension off of the 55 day breakout
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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.