Sitting right on the bottom of the intersection of the 2019 and 2020 rising wedge patterns, and it is just touched the resistance line of the correction's regression channel. It looks like it has to choose up or down today or tomorrow at the latest.
Note
Tuesday noon and SPX is working hard for a breakout to the upside.Note
After all that rallying it still closed inside the regression down channel. Lets see what the morning brings. If it can sustain the rally tomorrow, then the correction looks like it could be over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.