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Dr_Roboto

S&P 500 is either about to drop or melt up like end of August

S&P 500 Index (OANDA:SPX500USD)  
Dr_Roboto Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV DJI NASDAQ 100 CFD QQQ
15
7
trendanalysis chartpattern spx spy ivv dji ndx qqq
S&P riding on top of its main channel off the March 2020 low. Also note the very clear pennant style pattern in the RSI. Either this is the near term top or it is getting ready for a full blown melt up like the end of August.

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Comment:
Wednesday morning at 9:09am
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Comment:
Friday morning and S&P at a decision point. Selling off last night and holding at support. If it breaks below the support level, then it should fall to at least the middle of the channel.
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