Therealalphaaction

SPX Triangle Breakout and Bullish Fundamentals Due To QE 5

Long
SP:SPX   S&P 500 Index
We are seeing a triangle pattern which is usually a breakout pattern.

When it comes to the fundamentals we are looking for the market to go higher in the short term and create a bit of a blow-off top over the next two weeks.

If you want a more in-depth analysis I will link a video where I talk about this trade and how to play it with options and much more!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.