Even though svxy
is a little bit out of channel , but it is not touching the bottom line of the channel. Compared to other indicators, momentum has a nice beautiful upside divergence, stoch rsi
crosses right upon the 20 line, which is a good sign. From the candle chart, one green candle stays at bottom and the right green one gets higher than the left red,which is also a good sign. So for, it could be making a good bounce back into the channel, if its in a perfect shape, svxy
has a chance to touch the upper channel, I hope. However, stop loss should be set at about 54.80 if svxy
can't get above the channel.