SPY BULL CHANNEL
Double channel based on recent uptrend. Blue is a 3 point trend channel. Red is a 3 point reverse trend channel.
The rising wedge could be a good short opportunity IF it breaks DOWN, reverse channel support line would be target and potential long entry. If the wedge does not play out price should follow along the Blue channel.
The rising wedge could be a good short opportunity IF it breaks DOWN, reverse channel support line would be target and potential long entry. If the wedge does not play out price should follow along the Blue channel.
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