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S&P 500 Index
Updated

SP500 Long Idea

81
Price is in a historical uptrend for many years. Right now this index is showing an aggressive pullback to previous all-time highs of 3400, and even started rejecting it. However, due to its aggressiveness, I believe we can see a deeper pullback and test lower support of 3200, which previously was acting both like important support and resistance. A possible trade is on the chart.
Trade active
Trade closed: target reached
Yelli_trades
sp500indexsp500longS&P 500 (SPX500)Trend Analysisus500

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sp500indexsp500longS&P 500 (SPX500)Trend Analysisus500
Yelli_trades

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.