Parallel Uptrend Still Bullish, Waiting for SPY to Test the Lower Parallel Channel
Parallel Uptrend Still Bullish, Waiting for SPY to Test the Lower Parallel Channel
The S&P 500 (SPY) has been trading in a parallel uptrend since the beginning of the year. The price has been making higher highs and higher lows, creating a series of parallel channels. This pattern is often seen as a bullish sign, as it suggests that the trend is in place…
Keep reading with a 7-day free trial
Subscribe to Daily Stock Market Update to keep reading this post and get 7 days of free access to the full post archives.