SPY's Donchian Ceiling Fell in October. Price Never Did.
An amber Donchian ceiling on SPY's hourly chart stepped down in mid-October without a matching price drop. The cause: a 20-bar lookback shedding an old high.
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Donchian Channel
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An amber Donchian ceiling on SPY's hourly chart stepped down in mid-October without a matching price drop. The cause: a 20-bar lookback shedding an old high.