SPX Has Bullish Structure Forming On The 2hr
Attention swing traders ! Starting to look like a long trade in the works.
2hr chart is showing structure building . Highlighted in blue at bottom of chart. If price breaks out over 4266.4 area and holds you can bet the bulls take price up to at least the 4310.7 area and possibly 4325.8.
After targets are met we wait for more clues to unfold as to what the big boys have instore for SPX.
2hr chart is showing structure building . Highlighted in blue at bottom of chart. If price breaks out over 4266.4 area and holds you can bet the bulls take price up to at least the 4310.7 area and possibly 4325.8.
After targets are met we wait for more clues to unfold as to what the big boys have instore for SPX.
Note
Profit target area is reached. Consider taking some money around here and pocket it $$$. $4325.8 area is underside of a trendline and can act as heavy resistance. If breached wait for a retest of the top of the trendline before reentering a long.
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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.