S&P 500 Trade Idea – Bullish Outlook
The S&P 500 has been ranging since November 11, 2024, consolidating within a well-defined structure. A Wyckoff Spring occurred on January 13, confirming a strong demand zone and establishing a firm floor for price action.
Currently, price is trading above a key level at 6,100, signaling bullish momentum. As long as price holds above this level, any bullish pattern presents a strong buy opportunity with a long-term target of 6,400.
Trade Plan:
📈 Bias: Bullish
🔹 Entry: Look for bullish confirmations above 6,100
🔹 Target: 6,400
🔹 Invalidation: Breakdown below 6,100
This setup aligns with the larger trend and market structure. Let’s see how it plays out!
The S&P 500 has been ranging since November 11, 2024, consolidating within a well-defined structure. A Wyckoff Spring occurred on January 13, confirming a strong demand zone and establishing a firm floor for price action.
Currently, price is trading above a key level at 6,100, signaling bullish momentum. As long as price holds above this level, any bullish pattern presents a strong buy opportunity with a long-term target of 6,400.
Trade Plan:
📈 Bias: Bullish
🔹 Entry: Look for bullish confirmations above 6,100
🔹 Target: 6,400
🔹 Invalidation: Breakdown below 6,100
This setup aligns with the larger trend and market structure. Let’s see how it plays out!
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.
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.