{"id":10351,"date":"2020-04-23T08:04:05","date_gmt":"2020-04-23T08:04:05","guid":{"rendered":"https:\/\/tradingshot.com\/?p=10351"},"modified":"2023-04-28T08:08:22","modified_gmt":"2023-04-28T08:08:22","slug":"sp500-is-covid-just-a-bounce-inside-the-channel","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2020\/04\/23\/sp500-is-covid-just-a-bounce-inside-the-channel\/","title":{"rendered":"S&#038;P500 Is COVID just a bounce inside the Channel?"},"content":{"rendered":"<p><strong>* Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **<\/strong><\/p>\n<p>Well as you see the chart is pretty explanatory. I want your thoughts on a simple question. Was the sell-off driven by the COVID pandemic just a necessary technical bounce inside the multi-year Channel Up that started at the bottom of the 2008 crisis?<\/p>\n<p>So far, even though the 2200 bottom marginally broke it, we have stronger evidence with the recent weekly rally that the trend is still bullish within the Channel Up.<\/p>\n<p>The Megaphone that has emerged can be seen as similar to the one that preceded it in 2014 &#8211; 2016. Maybe now the index will continue upwards but on the lower part of the Channel Up. Notice how the RSI was descending during both Megaphones.<\/p>\n<p>What do you think? Was that just a bounce? Looking forward to your opinion.<\/p>\n<p>&nbsp;<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/SPX\/tw2fYB9R-S-P500-Is-COVID-just-a-bounce-inside-the-Channel\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/SPX\/tw2fYB9R-S-P500-Is-COVID-just-a-bounce-inside-the-Channel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Well as you see the chart is pretty explanatory. I want your thoughts on a simple question. Was the sell-off driven by the COVID pandemic just a necessary technical bounce inside the<\/p>\n","protected":false},"author":611,"featured_media":10352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-10351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=10351"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10351\/revisions"}],"predecessor-version":[{"id":10355,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10351\/revisions\/10355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/10352"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=10351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=10351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=10351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}