S&P 500 Index
Long
Updated

Trendline Break

77
We are observing a price consolidation that has established a trendline. Recently, there was a false breakout at this trendline, followed by a second breakout, indicating a continuation of the bullish trend. Our strategy is to trade only on pullbacks.
Order cancelled
Price never made a higher high, indicating the bearish momentum is still there, well this is why i wait for pullbacks to avoid situation where the price makes a false breakout

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.