Will it break the channel or will it not. That is the question. In that 2 hour chart we see that every Up or DOWN wave in the SnP has been halted only after striking the Bollinger Band lines ; either the mid bollinger line or the outer envelopes . Going by that argument, , this down wave which has started after hitting the mid bollinger line is YET TO STRIKE the lower bollinger line. Which is only moving lower and now is below the TREND LINE support of the channel.
If that channel is broken , even 1040 looks possible.
If that channel is broken , even 1040 looks possible.
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