ProfitHarvest

[SPX] LOL Cleared Entire 5Y Peak Channel EXACTLY in Just 2H!

Short
SP:SPX   S&P 500 Index
Bounced right back up to the bottom of my horizontal S/R box too.

Yawn...
Comment:
The bottom of that channel is solid af, lets hope Price doesn't break below THAT ;)...
Comment:
UVXY at an RSI X-roads right now. I think we break up and stick to uptrend here...
Comment:
Price struggling to get back into 1Y Peak Channel (magenta)...
Comment:
RSI still got a lot of Selloff room especially if we break under RSI support...
Comment:
SPX increasing while UVXY trends sideways... markets won't be holding this bunce long...
Comment:
Who coulda guessed we'd retest the top of the 5Y Peak Channel haha AND that the bottom of the 1Y Peak Channel would be a key point as well...

Data analyst with a passion for best fit lines B)
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.