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Dr_Roboto

Why is the S&P price holding/bouncing at the current level?

S&P 500 Index (TVC:SPX)  
Dr_Roboto  
TVC:SPX   S&P 500 Index
Trend Analysis Chart Patterns SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV DJI NASDAQ 100 CFD QQQ DIA
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trendanalysis chartpattern spx spy ivv dji ndx qqq dia
Because it is sitting on top of the trading channel that it defined since the turn of the 20th century. The only time that the S&P broke above this channel was the dot com bubble. That is a pretty ominous sign if you ask me. The good news is that the S&P is still inside the blue channel that started in 2009.

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