Replies to post #103525 on SPDR S&P 500 (SPY)

[denmo83]

Actually...

Today's lows (ES 1051.XX) define the long term up channel.

If we are going back down there, the sell short signal was already re-triggered at ES 1083.25 (currently ES 1080).

If we go back above ES 1083.25, the long signal will re-trigger.

Simple yet complicated.

Long above, short below.