MageInvestor

SPX entering parabolic channel.

OANDA:SPX500USD   S&P 500 Index
Hey guys! Just a little observation here. SPX appears to be entering a parabolic curve downwards, so crossing outside of that curve may be a turning point.

Since it’s inevitable it’ll cross out, keep an eye open on Tuesday-Thursday.

Since the market is bearing hard it probably won’t mean much, but if the market is looking for a reversal point this is a good one to look for.

Good luck, and happy trades!
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