Why is the S&P price holding/bouncing at the current level?

Because it is sitting on top of the trading channel that it defined since the turn of the 20th century. The only time that the S&P broke above this channel was the dot com bubble. That is a pretty ominous sign if you ask me. The good news is that the S&P is still inside the blue channel that started in 2009.

1D

snapshot

4h

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2h

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Publications connexes

XLK Technology ETF - Trend Lines compared to Dot Com Crash

QQQ trading channels since 2009

SPY - Pullback to $400 still possible with H&S pattern

2018 Repeat - Growth stocks could still drop 15% before bounce

NASDAQ down to retest Sept 2020 peak or rally to 15,000+

90% chance S&P goes down to 3900-4000

My wave count shows 3850-4000 still possible

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Publications connexes

XLK Technology ETF - Trend Lines compared to Dot Com Crash

QQQ trading channels since 2009

SPY - Pullback to $400 still possible with H&S pattern

2018 Repeat - Growth stocks could still drop 15% before bounce

NASDAQ down to retest Sept 2020 peak or rally to 15,000+

90% chance S&P goes down to 3900-4000

My wave count shows 3850-4000 still possible

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.