S&P500 Index (SPY) Your Trading Plan For This Week 📈

S&P500 index is currently trading on a key daily structure resistance.

On focus is a rising parallel channel on 4H. If the price breaks and closes below its support,
chances will be high to see a bearish trend continuation.
Initial target will be 4080 level.

Alternatively, bullish breakout of the underlined yellow area will push the market higher.
Next resistance will be 4290.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Bình luận:

Check my new analysis on GOLD: