15 & 9 min Squeeze Lower channel breach and retested at the M/R level at 4700
SPX Bullish channel was breach and retested on the lower channel twice. The major resistance level at 4700 was significant. Several confirmation with candlestick signals: 1. Major resistance level 4700 2. retest of the lower channel drawn yesterday. 3. Candlestick signal 4. Fib Level 50%
NQ Bullish channel is a beauty. Its respecting both upper and lower channel perfectly.
Both the 9 & 15 min chart displaying a squeeze. Symmetrical triangle on both 9 & 15 min chart. Lots of consolidation on the MACD --> Squeeze. Expecting a B/O to the upside, a continuation of trend.
Short term levels to watch, The support resistance levels that I am watching. Price retest the ATH.