S&P500 Testing the resistance in a bullish channel
With the S&P500 we reached again the area near the top of the bullish channel.
Last sell signal was a midtrend flag that lead the current mini trend to reach the top of the channel (current position).
In this position we should sell with stop over the channel if it breaks the channel with high volumes. It it breaks with small volumes it could be the last acceleration before getting down.
It is probable that the price will drop to the mid-lower part of the channel in a single session, as it happened many times inside this channel.
Update: nearly there:
In this position we should sell with stop over the channel if it breaks the channel with high volumes. It it breaks with small volumes it could be the last acceleration before getting down.
It is probable that the price will drop to the mid-lower part of the channel in a single session, as it happened many times inside this channel.
Update: nearly there:
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