[SPX] Peak Downtrend Channel Still Fckin Sht Up As Predicted!
What a beautiful, strong and tight channel we have here guys, we ended right at the bottom of it! And also right above the Downtrend Channel Horizontal S/R (orange).
This is wedging hard at this point and orange is just a local S/R so it'll give easy but yellow is a badass, it's either gonna let Price through and launch it down or Price will bounce here and break the Peak Downtrend Channel (before crashing back down under a few days, maybe a week later).
The real highlight of my day was Price exactly kissing that yellow line (5Y trend) I laid down months ago B).
Was a close call today, going under that line would be deadly, but Price managed to climb right back into the channel apparently due to a nicely timed Big Money cash infusion (Retail couldn't hold it themselves).
Monday should be fun!
My Sept. 28th OG Peak Downtrend Channel idea aging like a fine wine...
![[SPX] BULLS BEWARE... Downtrend Peak Channel Will Fck Ur Sht Up!](https://s3.tradingview.com/v/VzJ9quSc_mid.png)
This is wedging hard at this point and orange is just a local S/R so it'll give easy but yellow is a badass, it's either gonna let Price through and launch it down or Price will bounce here and break the Peak Downtrend Channel (before crashing back down under a few days, maybe a week later).
The real highlight of my day was Price exactly kissing that yellow line (5Y trend) I laid down months ago B).
Was a close call today, going under that line would be deadly, but Price managed to climb right back into the channel apparently due to a nicely timed Big Money cash infusion (Retail couldn't hold it themselves).
Monday should be fun!
My Sept. 28th OG Peak Downtrend Channel idea aging like a fine wine...
Data analyst with a passion for best fit lines B)
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