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Joined Aug 15, 2024
chartpattern
trendanalysis
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Potential breakout of bull flag if it bounces back after retest of 200 SMA. Could see an attempt for new ath. Spy needs to reach 602.23 and hold that floor before the breakout. Watch for volume spike and close above 603. Watch for confirmation on the breakout. Potential entries based on risk - 603.61 & 602.95 If volume or momentum declines, we could see a...
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Looking at the 3-day intraday chart, it appears that SPX could be forming a triangle or bull pennant. Have to wait for confirmation, but if it breaks out 5900 after the pullback, there could be potential.
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