SPX - Is consolidating outside of it's upward channel in overbought conditions. This could be setting up a stair step continuation pattern which will be a bullish outlook for the week. Stochastic's is already overbought and may remain overextended for the week.
Note
Trade Idea VOIDED on 7.27.17
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.