SPX - Bear trend channel Jan-Feb '22
SPX showing significant downward pressure, ATH uncontested for nearly 2 weeks. Expecting bear trend to follow channel indicated by red trend line and orange 0.25 PF line. 50-100 pt oscillations every 2-3 trading days, great for leveraged short-long reversals.
Confirmation will be climb to 4715, resistance and reversal down below 4615. Expecting 4495 by end of Feb '22.
Confirmation will be climb to 4715, resistance and reversal down below 4615. Expecting 4495 by end of Feb '22.
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