Triple Index Trend Channel Surfing Update August 3
From a chart perspective, the big news is that the main US Equity Indexes continue to trade within the clear trendline boundaries of a parallel trendline channel. Let’s take a quick look at the new boundaries and structural levels to watch after another successful week in the pattern. First, the S&P 500 Daily Chart: As [...]
From a chart perspective, the big news is that the main US Equity Indexes continue to trade within the clear trendline boundaries of a parallel trendline channel.
Let’s take a quick look at the new boundaries and structural levels to watch after another successful week in the pattern.
First, the S&P 500 Daily Chart:
As mentioned in the July 24 update, the S&P 500 STILL continues to trade within the established boundaries from the rising parallel trendline pattern.
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