Hey team,
This is the trend channel on the 1 hour chart for SPY. Since we started the bullish run around July 14th, it looks like we're on track to bounce back to the upside, at least for the short term.
The channel support is at $426. We could bounce and see $432 shortly.
Not financial advice... good luck to all :)
This is the trend channel on the 1 hour chart for SPY. Since we started the bullish run around July 14th, it looks like we're on track to bounce back to the upside, at least for the short term.
The channel support is at $426. We could bounce and see $432 shortly.
Not financial advice... good luck to all :)
Comment:
The market opened lower across the majority of stocks, which broke the bullish trendline. We have been stopped out!