Tuesday, May 19, 2020

Morning Charts 05/19/2020 SPX

HCQ baby. No need for a vaccine. Me thinks big pharma is gonna get screwed all the way around on this deal.

Good vs evil. Don’t take your eye off the ball.

On to the lie -

SPX is now in an upward channel. Off the lows it was a rising wedge as considered. When that support broke price fell to the target support line, thus forming the channel. Could price be rolling over for another big leg down? Of course! For now, it’s in a rising channel, wide with a weak upward slope.

More to come below.

Have a good day.

GL and GB!

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