S&P 500 Trade Idea – Bullish OutlookS&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!