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S&P 500 Index
Long
Updated

S&P 500: DOUBLE BOTTOM ON THE WEEKLY TF

137
Last week S&P 500 broke above a double bottom neckline and 1D MA 100 on the weekly timeframe and has continued to rally since then. A resistance and a supply zone are now in play and a pullback to retest the resistance-turned-support cluster before the rally continues. We can look for a buy opportunity on this impending retest or when the price has breached the current supply zone and resistance.
Note
S&P 500: DOUBLE BOTTOM ON THE WEEKLY TF
Babsphoenix
Also on:
Chart PatternsTrend Analysis

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.
Chart PatternsTrend Analysis
Babsphoenix
Also on:

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.