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S&P 500 Index
Updated

SPX FORECAST

159
MARKET PHASE
  • SPX500 is in a weekly uptrend, fueled by a daily timeframe expansion taking place.


AREA OF VALUE
  • We can expect a volatility contraction where lows will form, and therefore allow sell side liquidity to be created (sell stops, shorts, stop losses) below this corrective structure.


TRADE
  • No trade. Waiting for a corrective structure and creation of an area of value.
Trade active
SP500 completed its corrective structure during the week and has broken to the upside. Wait for a retest of entry.

ENTRY: 5125.40
SL: 5080.80
TP: 1:2R
Mankz
Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysisus500

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 PatternsSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysisus500
Mankz

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.