SP500 is currently in an ascending channel and there are currently two scenarios. Scenario 1 can fall to the lower support of the channel with the reaction it receives from the media and rise from there. Scenario 2 can directly break the median and rise to the upper resistance of the channel. Which do you think will happen?
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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.