SPY looking to retest channel
It looks like we rolled over today.
I saw this blue channel forming from the top we made a few days back.
It looks like we are currently sliding down it and today we managed to test both the top and bottom of the range but the top side gave us a strong rejection (This also painted a Head and Shoulders on the SNP500).
I feel like there is a good chance we follow the blue channel and retest the bottom of the larger yellow channel.
I saw this blue channel forming from the top we made a few days back.
It looks like we are currently sliding down it and today we managed to test both the top and bottom of the range but the top side gave us a strong rejection (This also painted a Head and Shoulders on the SNP500).
I feel like there is a good chance we follow the blue channel and retest the bottom of the larger yellow channel.
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