SPY 6M - Dip incoming
A few items of interest on this chart:
It looks to me like a test of the red channel is imminent, we're going to see 450 and a test of the bottom of the red channel.
- Double Top around 470
- November Rally didn't quite get back to the top of the yellow channel
- RSI and MACD clearly in bearish territory
- Breaking bottom of yellow channel
It looks to me like a test of the red channel is imminent, we're going to see 450 and a test of the bottom of the red channel.
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