📈 🟢
SPY has formed a clear ascending triangle with strong support at $616. After a pullback, it’s now breaking out above $620.78 with a bounce from trendline support and rejection of lower prices.
📌 Trade Details:
🔹 Entry: $620.78
🔹 Stop Loss: $616.00
🔹 Target: $624.56
🔹 Pattern: Ascending Triangle Breakout
This setup aligns with market momentum and breakout structure. Great risk-reward for bulls watching major index movement.
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📊 Posted by: ProfittoPath
#SPY #SP500 #ETFTrading #BreakoutSetup #MarketUpdate #ProfittoPath #TechnicalAnalysis #StockTrader #ChartAnalysis
SPY has formed a clear ascending triangle with strong support at $616. After a pullback, it’s now breaking out above $620.78 with a bounce from trendline support and rejection of lower prices.
📌 Trade Details:
🔹 Entry: $620.78
🔹 Stop Loss: $616.00
🔹 Target: $624.56
🔹 Pattern: Ascending Triangle Breakout
This setup aligns with market momentum and breakout structure. Great risk-reward for bulls watching major index movement.
—
📊 Posted by: ProfittoPath
#SPY #SP500 #ETFTrading #BreakoutSetup #MarketUpdate #ProfittoPath #TechnicalAnalysis #StockTrader #ChartAnalysis
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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.