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SPX LONG S&P 500 Taken out The Resistance on Daily View

CME_MINI:ES1!   S&P 500 E-mini Futures
Hello to all who watch my charts.

Contrary to the opinion of many here is in my view S & P 500 a Long Setup.

As you can see we had it at the beginning of March
a short trend which I marked with the orange trend lines .

Now, however, the index has risen above all short resistance and has both major resistance levels
which I marked purple. In the near future no direct resistance is to be seen.

Next is at around 2870

That's why I see these Index in a long trend.

To be cautios here , its needed that SPX fall below

2800 and
2786

at end of day chart

If that wil happen the long setup is gone.


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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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I agree, at this point it looks quite bullish. However, it would be prudent to stay alert if a false breakout starts to unfold. Friday's action was driven by quadruple witching and it is not indicative of the real move.
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