S&P500 price is back on the upper band of a major channel. Price broke down that upper band on the 11th of march and since then has never retested the level until now. I was waiting to see a reaction once the price touched the upper band and it is exactly what happened this morning. Additionally, there is a potential 4 hours RSI divergence which could be soon validated. It's therefore a really interesting area for short trading strategies with the middle of the channel as a first target.
