S&P 500 Index
Long
Updated

Rally caps on - SPX500

343
Downtrend looks to be over, Price should not be getting under 3560 for a while. My target from the previous structure is around 3900 depending on how much time it takes. A safer entry would be after 3700 is held and a backtest of the previous channel (green line), yellow arrow path is expected as of now. Good luck and good trading
Note
Up to yesterday's resistance zone, may pullback a bit. snapshot
Note
breaking above resistance level snapshot
Note
retest of resistance - turned support - area, objective buy zone snapshot
Note
they reversed hard so it looks like we'll make one more low. Weekly BB is at 3491 and may be the target. I still think this week is the reversal. snapshot

Disclaimer

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.