US500 - Intraday - We look to Buy at 3440 (stop at 3418)
Trading within a Corrective Channel formation.
Prices have reacted from 3420.
Our expectation now is for this swing higher to continue towards the top of the trend channel, to complete a correction before sellers return.
Further upside is expected although we prefer to buy into dips close to the 3440 level.
Uptrend support is located at 3430.
Our profit targets will be 3497 and 3535
Resistance: 3507 / 3588 / 3690
Support: 3443 / 3400 / 3354
Trading within a Corrective Channel formation.
Prices have reacted from 3420.
Our expectation now is for this swing higher to continue towards the top of the trend channel, to complete a correction before sellers return.
Further upside is expected although we prefer to buy into dips close to the 3440 level.
Uptrend support is located at 3430.
Our profit targets will be 3497 and 3535
Resistance: 3507 / 3588 / 3690
Support: 3443 / 3400 / 3354
Trade active:
Trade filled at 3440
Trade closed: target reached:
Trade closed intraday at 3450
