SP500 Bullish Piercing Pattern On Low Volume (MAKE UP YOUR MIND) | S&P 500 Technical Analysis

Today I discuss the S&P 500 technical analysis Bullish Piercing Candlestick reversal pattern that just formed today (6-22-2020). I have been thinking that the price will come back to test the $3000 level again but it seems like the price just wants to move sideways with a tight channel.

This coiling up action within the SP500 leads me to believe we will be seeing some more stock market volatility in the near future.

My plan is to continue to wait on the sideline until I get some price momentum. till then I will lower my share position and make smaller trades.

TIMESTAMPS
○ Intro: 00:00
○ SP500 Daily: 00:59
○ SP500 Piercing Pattern: 06:36
○ SP500 30 Minute: 12:02

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