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S&P 500 Index
Long
Updated

S&P500 Index (SPY) How to Catch a Bullish Continuation 📈

621
snapshot

Hey traders,

Spy looks very bullish.
The market is steadily growing within a rising parallel channel.
Now the price is approaching the support of the channel.

To catch a trend-following movement with a confirmation
watch a tiny falling wedge pattern.
You need an hourly candle close above its resistance as a trigger to buy.

Then the market will go higher at least to 4720.

If the price breaks the support of the channel,
the setup will be invalid.

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Note
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dowjonesS&P 500 E-Mini FuturesNASDAQ 100 CFDnasdaqnasdaq100Parallel ChannelS&P 500S&P 500 (SPX500)Trend LinesUS30Wedge
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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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.