[SPX] Stuck in Bottom 1/2 of New Downchannel.. DAMN Magenta Box!
That pesky magenta box (that I placed a month ago) is causing all kinds of problems for the market... poor SPX! B)
Price is trapped, Big Money on the sidelines and Retail getting increasingly scared that they might lose the money they gambled.
*YAWN* w/e... If you're long, you better have some solid SLs in place.
UVXY is much more interesting these days!
![[UVXY] Price Trying to Escape Downchannel... Look for BREAKOUT!](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
Price is trapped, Big Money on the sidelines and Retail getting increasingly scared that they might lose the money they gambled.
*YAWN* w/e... If you're long, you better have some solid SLs in place.
UVXY is much more interesting these days!
![[UVXY] Price Trying to Escape Downchannel... Look for BREAKOUT!](https://s3.tradingview.com/7/7NRKT1wf_big.png)
Data analyst with a passion for best fit lines B)
