Where is the S&P500 trend?
Where is the S&P500 going with this recent decline?
We can observe to key parallel channels that have acted as support and resistance both in the near and short term.
The Uplsoping channel in on watch as price action is struggling to close back above. As long as we remain in the upsloping channel we have to observe the risk of falling to the lower boundary range.
If we recapture the falling channel we can always float back up to the upper range.
We can observe to key parallel channels that have acted as support and resistance both in the near and short term.
The Uplsoping channel in on watch as price action is struggling to close back above. As long as we remain in the upsloping channel we have to observe the risk of falling to the lower boundary range.
If we recapture the falling channel we can always float back up to the upper range.
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