Price rose to the resistance of the newly formed channel. As we have approached Fib 50% & 61% resistance levels, as well as the bearish close of SP500, I'm expecting the price to re-test the 1400 level. However, if we break above 1520, we would then challenge Fib 61%.
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.