Indice S&P 500

SPY SPX SPX500 Predicting the Future?

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Here is a fun way to "project " the future channel before it happens. If you would be so kind as to look at the red channel that I'm attempting to draw, you'll see how I'm guessing about where future resistance is. Follow the methods shown in the chart to locate and use the median line. Have fun! we're coming into a very interesting point. Lets see if the red channel as projected is close to a resistance point. Note also the black channel (which has confirmed points) showing how accurate we can be with this simple channel drawing trick :)
Let me know if this helps. Have a good weekend everybody!

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