Get started
PontusTrader

S&P500 strong resistance on 50% retracement on 2018 channel

Short
S&P 500 Index (OANDA:SPX500USD)  
PontusTrader  
OANDA:SPX500USD   S&P 500 Index
Support and Resistance Parallel Channel Fibonacci SPX (S&P 500 Index) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) ES
1
0
supportandresistance parallelchannel fibonacci spx spx500 spy es
We have two bearish things coinciding:
1 - price is about to retest the 2018 channel support (pullback) which most likely will be rejected
2 - the channel support in (1) coincides with the 50% retracement level off S&P500 all time highs to the December swing low
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.