S&P 500 is either about to drop or melt up like end of August
Updated
S&P riding on top of its main channel off the March 2020 low. Also note the very clear pennant style pattern in the RSI. Either this is the near term top or it is getting ready for a full blown melt up like the end of August.
Comment
Wednesday morning at 9:09amComment
Friday morning and S&P at a decision point. Selling off last night and holding at support. If it breaks below the support level, then it should fall to at least the middle of the channel.
Related publications
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.