$SPX: Trading in a Channel

FX:SPX500   S&P 500 Index
130 0 4
The S&P             appears to be advancing in a well defined channel with a line of support within.

Intermediate term target is 2177, but I believe we are in a 3rd wave and could see possible resistance at 47, 49 or 52.
Trading Views daily R1 is 52 and SC's.com R1 is 49, The R you see is 30 min resistance.

Watch VIX             as part of any plan to short as a rising VIX             gives you the benefit of the doubt. But we are in second day of OPEX week and recently OPEX weeks have been strong.

I'm very uncertain as to how far this puppy might fall. Best case would be 2122 but that is surrounded in uncertainty and would require breaching the channel and 2131.

More questions than answers.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out