ForExtraPips

30 minutes channel with levels.

SP:SPX   S&P 500 Index
First I found the channel then I placed a vertical line on the swing low on 5-31-18 and where it intersects with the upper channel, to find the next possible area of resistance @ 2741.50. What was once resistance is now support. That ended up acting as support when the market opened up this week. Then I took the swing low on 6-01-18 and placed another vertical line and where it intersects with the upper channel, for the next possible area of resistance @ 2755.36, which I'll be watching today. After that, I took yesterday's high and placed a vertical line and where it intersects with the lower channel, to find the next possible area of support @ 2732.71. And these two levels pretty much line up with what I'm watching on the daily.
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