Very similar but steeper trading channel compared to the S&P 500, basically the same idea. Run into the top of the channel at the 1.618 fib then a correction. Questionable yellow resistance line that looks like we just closed above it today.
Comment:
Looks like that "questionable" yellow line was pretty significant as we keep trading on it. Expecting to see price slide sideways for several more days maybe a back test before heading up!