Neckline test it would be sweat spot. 2020 Close - respectful resistance is well.
Early dropped from Daily than last week from Hourly channel and triggered H&S
Very possible broader market top here. You can take a look at correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down
s3.amazonaws.com/tradingview/snapshots/c/cgJOce6v.png
Hourly Channel
Early dropped from Daily than last week from Hourly channel and triggered H&S
Very possible broader market top here. You can take a look at correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down
s3.amazonaws.com/tradingview/snapshots/c/cgJOce6v.png
Hourly Channel
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