Looks like S&P is heading towards the top of a big channel that began from October 2023 low. This is an attempt to predict when and where it would happen, which is approximately on November 18 at 6115.
Note
Perhaps the price will not reach the top of this channel. I have found another channel that turned the price down.
Trade active
Wow. I almost forgot about this chart, but now it came in handy. The price has reached the bottom of the local outer dashed channel. Some pullback shuold take place.
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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.