FX:SPX500 S&P 500 index of US listed shares
Inflection area, cancel if channel breaks..right on level
Comment: taking some profit and setting tight stop in case of deep pullback
I have a similar channel and today's low hit serious resistance and a zone where you would expect buyers to come in after testing and retesting several prices. The low was also a 23.6% retracement based upon recent highs and lows and for those that took it it was a good trade. Glad you took it and I took it after seeing money coming in.