How to swing long the SP500?CAPITALCOM:US500 / 1D
Hello Traders, welcome back to another market breakdown.
SP:SPX is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous daily range for a strategic approache.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Last swing high.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo