Since 3/1H at 2400.98 SPX, for 4 1/2 months now, we have a net gain of 20 SP’s, suggesting the Bull market has been stalling.
Since 6/2 we have been in a narrow (red) sideways channel, since 6/19H we have been in a mild down channel.
We are currently stuck in those same red channels, with 2434 SPX resistance and 2411 SPX channel support.
Intraday 5 min SPX CIT(change in Trend = High or Low) Times 7/11/17: 9.35, 11.55, 1.25, 2.05 pm Eastern
Actual: 9.41L, 12.02H
Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.
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