S&P 500 IndexLong
sp500 4hr long position rr of 2:1
sp500 reached 618 retracement from swing high to swing low, so expect small retracement to nearest support line, so a long trade set up with buy limit order.
It is a long trade because: MACD is above zero line and it is in the uptrend channel.
TP at major downtrend resistance line
SL at next resistance
RR of 2:1
It is a long trade because: MACD is above zero line and it is in the uptrend channel.
TP at major downtrend resistance line
SL at next resistance
RR of 2:1
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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.