SPX Bounce from the lowest point could be a Flat correction
Short with a stop-loss of breakout above the red channel.
If this short trade works out, go all out if breaks down below the green channel.
Stop loss is relatively small at this point, but better to wait till end of the session to see whether this red channel is being taken out today itself.
If this short trade works out, go all out if breaks down below the green channel.
Stop loss is relatively small at this point, but better to wait till end of the session to see whether this red channel is being taken out today itself.
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Stick with previous bullish view, channel broke out, stay long SL today's low.