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S&P 500 Index
Long

S&P500 Index (SPY): Your Trading Plan For Today

913
snapshot

S&P500 Index is trading within an expanding wedge pattern.
The price is currently approaching its support.

To buy with a confirmation, watch an hourly time frame.
I spotted a double bottom pattern there.

4008 - 4011 is its neckline.
Wait for its bullish breakout. You need an hourly candle close above to confirm that.
Buy aggressively or on a retest.

Goals will be 4041 / 4059

If the price sets a new low, the setup will be invalid.

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Double Top or BottomdowjonesS&P 500 E-Mini FuturesindexesMultiple Time Frame AnalysisNASDAQ 100 CFDnasdaqS&P 500S&P 500 (SPX500)US30Wedge

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Double Top or BottomdowjonesS&P 500 E-Mini FuturesindexesMultiple Time Frame AnalysisNASDAQ 100 CFDnasdaqS&P 500S&P 500 (SPX500)US30Wedge
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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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.