SPY, DIA, QQQQ, & PG - It's a channel thing...

Check out the retracement of the majors to the mid-channel line. Will it break?


I'm throwing Proctor & Gamble in here for the H&S pattern and test of the Fib level. Lately I've seen more failed H&S patterns. It would not surprise me to see PG head back to $67 after this latest downward move fizzles.
Have a Great Memorial Day weekend.