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The stock market has come back to life after some scary moments last week. In the past three days, the S&P 500 (SPX) has risen nearly 3%, while the Nasdaq and Nasdaq 100 (QQQ) have recovered more than 3%. The SPX is up 3.6% from its intraday lows last Friday, the Nasdaq is up 4.5%, and the QQQ is up 4.2%. The SPX has quickly recovered its 50-day moving average, and the five-day/13-day Exponential Moving Average (EMA) is approaching a bullish turn. The 5/13 day moving average has already returned to the upside in the Nasdaq and QQQ. The three indices have recovered more than 61.8% of their recent setbacks and are not far from achieving their highest levels ever. Indicators that we rarely talk about, similar to the Bollinger Bands indicator, are price channels. For the daily chart, we use 20-day price channels. The upper channel equals the 20-day high, and the lower channel equals the 20-day low. The middle channel is the midpoint of the other two channels. There are many ways to interpret price channels. They can be used for support and resistance, overbought and oversold areas, starting a strong uptrend with a breakout of the upper channel, and vice versa. As of October 2023, the SPX fell below its lower channel but quickly rebounded