mikeoakster

Striving for survival?

SP:SPX   The S&P 500 Index
Two weekly hammers in the last four weeks... having the latter invalidated the former... it seems to me there is someone out there trying everything for price not to leave "the" channel (the red one)...

Let's see if the market confirms last week's hammer and manages to reenter the channel and to break previous week's high at 1947.20, cause, if I'm not mistaken, if and when price leave the channel... take care!
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