[SPX] LOL Cleared Entire 5Y Peak Channel EXACTLY in Just 2H!
Bounced right back up to the bottom of my horizontal S/R box too.
Yawn...
Yawn...
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The bottom of that channel is solid af, lets hope Price doesn't break below THAT ;)...
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UVXY at an RSI X-roads right now. I think we break up and stick to uptrend here...
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Price struggling to get back into 1Y Peak Channel (magenta)...
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RSI still got a lot of Selloff room especially if we break under RSI support...
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SPX increasing while UVXY trends sideways... markets won't be holding this bunce long...
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Who coulda guessed we'd retest the top of the 5Y Peak Channel haha AND that the bottom of the 1Y Peak Channel would be a key point as well...
Data analyst with a passion for best fit lines B)
