samitrading

SPX's Channel's Minimum targets calculation, if this plays out.

SPCFD:SPX   S&P 500 Index
101 Channel's analysis.
Comment: 3970 is getting close by, our first target.
Comment: Blue line target reached 3970.08 . Next target 4025 as of today, probably "In Progress" we just need to break out of the blue channel..
Comment: First time rejection from the Blue channel's upper line, is quite normal. With out bias with out emotion 101 price behavior.
Comment: Our Blue wave channel , is becoming stronger 2 rejections so far !!!
Comment: The Blue channel is 'Gaining" strength this would be our third time trying to break out from it.
Comment: Still the Blue channel is in control, we need to break out of it for any further bullish moves.
Comment: Text book style .
Comment: Second day below the channel's line is not good. We need to push today upward above the line. Click the play button for more data.

Comments

valid channel well done
Reply
samitrading MMBTtrader
@MMBTtrader, Thanks bud.

wish you the best.
Reply
Great plan, mate ;)
Reply
samitrading Mehdisouriiii
@Mehdisouriiii, Thanks bud.

wish u the best.
Reply
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