S&P500 Index: Your Trading Plan For Today 📈
S&P500 index is trading on a key daily structure support.
Analyzing the reaction of the price to that structure on 1H time frame,
I spotted a consolidation and ranging market.
The price is coiling around 3936 - 3941 minor resistance.
I will be waiting for an hourly candle close above that structure to buy the index.
Goal will be 4010.
Stop loss will lie below the lows.
However, if the price respects the minor resistance and drops lower,
the trading setup will be invalid then.
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