S&P 500 - Correction And Continuation

Hello Traders, welcome to today's analysis of S&P 500.

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Explanation of my video analysis:

The S&P 500 has been trading inside of a rising channel formation for a very long time. We had the last retest of the lower support level about 6 months ago which was then followed by an expected rally of +25% towards the upside. If the S&P 500 now retests the previous breakout area which I mentioned in the analysis, there is a high chance that we will see a reversal there.

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I will only take a trade if all the rules of my strategy are satisfied.

Let me know in the comment section below if you have any questions.

Keep your long term vision.