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Ali_Ena
May 31, 2020 7:19 AM

S&P500; WEEKLY PERSPECTIVE 

US SPX 500OANDA

Description

Important levels for next week are shown on the chart.
S&P has been on the rise since late March and is still struggling to reach its previous highs. In recent days, this upward trend has continued within the WEDGE.
This upward trend could continue until the H4 supply level at around 3140. After that, it would be reasonable to expect a supply zone reaction to price correction.

This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.

Comment

Prices fluctuated in the upward channel but failed to overcome the S/R line.
We have to wait for now.

Trade closed: target reached

Done!
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