TTT chart thread, page-1275

Chart Update:

Our shortest-term uptrend channel (pair of purple lines) has now been clearly violated.
SP has been in down move blocked by and consistently sold down at that thick black line.

We now moved lower to 50EMA line. Something to watch in the next while would be the crossing of 20EMA and 50EMA (we don't want that). So hopefully some recovery at some point to avoid that.

Now looking at holding retracement Fib levels, and other EMA lines.

As for the up channels, we have that yellow channel (medium term), and then that green line (long-term support line) near 200 EMA.

Crossing above the thick black barrier (if it can) would be a good first step (and see how it develops from there, i.e. a bull trap or a real move up?).

Hopefully it doesn't move too far below before that happens (can't really afford losing hair around 200EMA).