$SPX 2020-SEP-16
SPX HOLDS THE RISING CHANNEL, BUT VOLATILITY INCREASING
The pullback came down and tested the extreme lower bound (-3 deviations). The last time this was tested was middle of May; but we also see history of the extreme upper (+3) also acting as a resistance point. As such, the trend seems valid enough here.
The yellow dotted lines represent the +/- 1.5 and we can see that the majority of action happens within this area - as we should expect.
The pullback came down and tested the extreme lower bound (-3 deviations). The last time this was tested was middle of May; but we also see history of the extreme upper (+3) also acting as a resistance point. As such, the trend seems valid enough here.
The yellow dotted lines represent the +/- 1.5 and we can see that the majority of action happens within this area - as we should expect.
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