SP500
We have one downward channel that we broke and went up and formed a new upward channel.
We are near the resistance line of this channel, we also have a liquidity zone (red box), which we have partially collected, I would expect that we can collect more liquidity up to 4465 and after that I expect a corrective move down to the first target 4100.
We have one downward channel that we broke and went up and formed a new upward channel.
We are near the resistance line of this channel, we also have a liquidity zone (red box), which we have partially collected, I would expect that we can collect more liquidity up to 4465 and after that I expect a corrective move down to the first target 4100.