Breakout Area on the S&P500
Another bullish sign for the S&P is the accumulation suggested by the higher lows, with relatively equal highs (ascending triangle). The upper boundary of this triangle constitutes an area of breakout.
Note
Breakout occured with a gap, let's trade bullish setups intraday while paying attention to the retracement that sooner or later will come
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Related publications
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.