Since the June 4 Low – the SPX has been moving up in a very defined channel.
Take a look at how the sell offs coincide nicely with the CCI
Based on this … we should sell off to 1346 – with a break below 1333 pivot marking a trend change
One Response to SPX – the Channel is our “Friend”
Agreed. The only question is does the bottom hold? The fantasy land tape will hopefully stay in the channel. Traders best friend is one. Buy dips sell rips.