ORIGINAL POST:  9:00 AM

There comes a time in the construction of every channel when the market either obeys a presumed channel boundary, morphs it into something else or breaks it entirely.

We’ve had a very well-behaved channel off the 1266 bottom on June 4.  I’ve had to make small adjustments to the channel on the daily chart a few times.  But, the 60-min chart shows just how precisely yesterday’s low fits with the previous lows.

Sorry, this content is for members only. Click here to get access.   Already a member? Login below… Email Password   Remember me (for 2 weeks) Forgot Password