Indeks S&P 500

$SPX 2020-SEP-16

209
SPX HOLDS THE RISING CHANNEL, BUT VOLATILITY INCREASING

The pullback came down and tested the extreme lower bound (-3 deviations). The last time this was tested was middle of May; but we also see history of the extreme upper (+3) also acting as a resistance point. As such, the trend seems valid enough here.

The yellow dotted lines represent the +/- 1.5 and we can see that the majority of action happens within this area - as we should expect.

Penafian

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