Easing Monetary Policy in last FED meeting and current structure is showing bullishness in SPX 500,
SPX has already broke the yellow bull flag and showing relative strength upside,
still inside the blue bear flag, yesterday it attempt to break the blue bear flag.
further we are expecting it to remain inside white uptrend channel.
We would prefer to buy SPX on the touch of while bottom band around 3960 -3965 and target for 4300 at least, stop for the trade will remain 20 points.
risk & reward ratio would be 1:8 around.
SPX has already broke the yellow bull flag and showing relative strength upside,
still inside the blue bear flag, yesterday it attempt to break the blue bear flag.
further we are expecting it to remain inside white uptrend channel.
We would prefer to buy SPX on the touch of while bottom band around 3960 -3965 and target for 4300 at least, stop for the trade will remain 20 points.
risk & reward ratio would be 1:8 around.
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🟡 Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
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.
🔵 FREE TELEGRAM CHANNEL: t.me/fxoverseas
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
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.