S&P 500 still just testing the upper edge of the down channel
It is slowly riding down the upper edge of the down channel. Definitely weakening, but I personally can't tell if it is just consolidating or has started correction.
Note the red circles and the price action in them.
Close up at 3H
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noon rally
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1:22pm
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Wednesday 1:30 update. Well, look at that. Right back into the down channel.