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.
❤️Please, support this idea with like and comment!❤️
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.