SPX's Channel's Minimum targets calculation, if this plays out.

L'indice S&P 500 (SP:SPX)

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SP:SPX L'indice S&P 500

chartpattern trendanalysis spx sp500index channeltrend study bullish breakout

101 Channel's analysis.

Commentaire:

3970 is getting close by, our first target.

Commentaire:

Blue line target reached 3970.08 . Next target 4025 as of today, probably "In Progress" we just need to break out of the blue channel..

Commentaire:

First time rejection from the Blue channel's upper line, is quite normal. With out bias with out emotion 101 price behavior.

Commentaire:

Our Blue wave channel , is becoming stronger 2 rejections so far !!!

Commentaire:

The Blue channel is 'Gaining" strength this would be our third time trying to break out from it.

Commentaire:

Still the Blue channel is in control, we need to break out of it for any further bullish moves.

Commentaire:

Text book style .

Commentaire:

Second day below the channel's line is not good. We need to push today upward above the line. Click the play button for more data.

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***

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