Emini S&P Back Up To Channel Top Again Jun 17, 2015
By Lawrence
End of day update: The channel play just won’t quit.
As noted before that Emini S&P is likely to pop back up, we got that this morning and right after FOMC announcement, the move back to the channel top was completed.
Lawrence's Comment
Recap
Breakdown play started the week. Dropped down to near Y-3 before support is found. Consolidation since in a shortened holiday week. Closed the week below Y-1 and above midpoint.
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There are quite a number of patterns that work around the weekly STOPD price levels giving us a solid edge. This one is a classic bearish continuation setup. Net ...
Emini S&P Back Up To Channel Top Again Jun 17, 2015
End of day update: The channel play just won’t quit.
As noted before that Emini S&P is likely to pop back up, we got that this morning and right after FOMC announcement, the move back to the channel top was completed.
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