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Dr_Roboto
Oct 14, 2020 12:11 AM

S&P 500 - Above its rising wedge and outside its trading channel 

SP:SPX120
S&P 500SP

Description

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Note that the S&P is well above its rising wedge pattern and outside of the down channel. I am terrible at guessing what the market will do, but this really looks like the June FOMO and August FOMO events. We all know what happened next.


Trend AnalysisChart PatternsWave AnalysisSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) IVVDJINASDAQ 100 CFD
Comments
vietlong98
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Just checked the chart of august and june. I can see if history repeated, we would see it visit previous low.
jedington
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Nice! Out of curiosity, where can I find that 1932 channel?
Dr_Roboto
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@jedington, LOG view.
Dr_Roboto
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@jedington,
Dr_Roboto
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@jedington,
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