S&P500 Index: Your Trading Plan For Next Week 📈

Long

S&P 500 Index (FX:SPX500)

Aktualisiert

FX:SPX500 S&P 500 Index

Trend Lines Parallel Channel Candlestick Analysis S&P 500 (SPX500) indexes SPDR S&P 500 ETF (SPY) US30 us100 fundamental-analysis

trendline parallelchannel candlestick spx500 indexes spy us30 us100 fundamental-analysis

snapshot

Hey traders,

This week, I have nicely predicted a bullish move on SPY.
Ahead is a strong vertical resistance now.

The price is trading in a falling parallel channel and it is approaching its upper boundary at the moment.

I would suggest looking for a breakout trade next week:
wait for a daily candle close above the trend line and then buy on a retest expecting a bullish movement at least to 4072.

Good luck!

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