If price is above EMA Ribbon, it is a Bullish signal. If price is above regression channel, it is extreme bullish signal. If price is below regression channel, it is extreme bearish signal.
Note
On S&P 500 daily chart, price is still above EMA Ribbon. It is still within regression channel.
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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.