If you ask me we, will bounce back to the bottom blue regression line. Stay tuned for both scenarios - short and long.
Key Points: 👉S&P 500 Main trend is DOWN. 👉Touching top orange regression line. 👉Seems S&P 500 will bounce back down from the top regression orange line to the blue bottom regression line.
Note: Indicator is Pivots Points Algo - bare are colored by algo!