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Dr_Roboto

S&P 500 lost regression channel off of March 2020 low

iShares Core S&P 500 ETF (AMEX:IVV)  
Dr_Roboto Updated   
AMEX:IVV   iShares Core S&P 500 ETF
Trend Analysis Chart Patterns Wave Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV NASDAQ 100 CFD DJI
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Lost linear regression channel (black) that started on March 24, 2020. Still in the regression channel from Dec 26, 2018 to Feb 19, 2020. Will it bounce back up to regain black channel, or use the blue channel as support? That noticeable unfilled gap around 400 is still waiting to be filled, which could come into play if it loses the blue channel.

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4H
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Comment:
Friday morning and after a strong few days to get back into channel, a sell off over night has dropped it back below.

4h
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1h
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Comment:
Note, I failed to update the regression channel to include the last few days. Here is the new view, and if this holds the S&P could be back into rally mode next week.

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