Fib cluster on SPX. Haven't yet studied how this symbol (or others) historically behave at this projection level, but doing so seems like a good idea :)
With gratitude, I'm stimulated by the current conversation on this underlying, to revisit the idea of finding trendlines on such a regular high dividend payer. I'm also new to TradingView, and am very positively impressed with the intuitive functional charting interface.
So, the thick line is the basis for the thinner parallel lines.
I added the 200MA as one...
Perhaps regression channel lines are more appropriate to trend touch lines for ETFs.
This channel and trend are in response, and submitted as alternative, to the recently posted XLF "broken trend" case.
