We can see S&P 500 formed a head and shoulders formation on the daily timeframe. After it broke down the neckline it formed a falling wedge which in most cases causes a bullish move. Thats why i expect a retest of the necklink that has been broken down. Could start building up a long position here.
Trade closed: target reached
I think this one turned out very well
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.