S&P500 SPDR ..... BULLISH CHANNEL WIDENS
On the stock market June 18 2020 ... after FED chairman Powell's comments on June 11 2020 the market reaction was swift indication of the underlying fear around COVID19.
From a technical point of view the BULLish channel has widened and can be interpreted that this event was averaged into the total picture causing the slope of the channel to be reduced (small flattening) and the width to have increased giving more room for VOLATILITY.
From a technical point of view the BULLish channel has widened and can be interpreted that this event was averaged into the total picture causing the slope of the channel to be reduced (small flattening) and the width to have increased giving more room for VOLATILITY.
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