/ES/SPY/SPX/SPX500 -- MIND THE 3/24-PRESENT CHANNEL MIDLINE
In addition to reacting off the lower and upper bounds of the 3/24-Present Channel (shown in purple here), watch for price reactivity to the channel's midline (shown in blue). On several occasions, price has either retreated from the midline on test from below or bounced off of it on test from above (red arrows).
Given the fact that the purple channel has an upward inclination, I would look to take short-term longs at the lower bound of the purple channel targeting either the midline or the top of the channel ... .
Given the fact that the purple channel has an upward inclination, I would look to take short-term longs at the lower bound of the purple channel targeting either the midline or the top of the channel ... .