SPX March 15, 24: Ascending Channel, Continue or Break?
Since the start of 2024,
SPX
has been moving up this ascending channel and currently is right at the lower level.
A break down through this line would provide a short signal, while the move up continuing this channel would signal a suitable environment to buy individual stocks.
What do you think
SPX
will do from here?
SPX
has been moving up this ascending channel and currently is right at the lower level. A break down through this line would provide a short signal, while the move up continuing this channel would signal a suitable environment to buy individual stocks.
What do you think
SPX
will do from here?
Comment:
March 22, 24: A dovish FED helped SPX to continue to move up in the rising channel and now it is near the upper line.