S&P 500 Technical Analysis Warns of Failed Breakout Risk
The video presents a detailed technical analysis of the S&P 500 on daily and logarithmic charts. It examines a recently broken parallel channel, a retrace bounce, lower lows, and a potential failed breakout that could lead to significant downside. The analyst links the recent bounce to easing oil prices from Iran deal hopes and the SpaceX IPO debut.
Source: Gareth Soloway