S&P 500 Index
Long

SPX500 - 85R

54
The higher time frame shows strong indication that the SPX is close to seeing a big move up.

Right now there is a very nice wedge pattern heading into support and I think this could be a prime opportunity to get in.

The setup is also occurring around key timing (NYSE Open).

Probability rating: 4/10

Risk to reward: 10/10

Overall rating: 7/10

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