The S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market.
My intuition says...
A false breakdown has formed at the lower boundary of the H1 range.
Accumulation-Impulse-Reverse Impulse-Accumulation. (Reversal design)
Medium term deal.
input: 4427 (on the test of the second accumulation)
stop: 4407
tp-1: 4446
tp-2: 4485