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S&P500 Index (SPY) Consolidation Trade

Long
S&P 500 Index (FX:SPX500)  
VasilyTrader Updated   
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Double Top or Bottom indexes futures fundamental-analysis Stocks S&P 500 (SPX500) S&P 500 E-Mini Futures S&P 500 US30 dowjones
28
4
trendanalysis chartpattern doubletoporbottom indexes futures fundamental-analysis stocks spx500 es1! sp1! us30 dowjones
snapshot

spy is trading within a wide horizontal trading range on 4H.

the price has recently reached its horizontal support and formed a double bottom formation.
breakout of its minor resistance confirms a local strong bullish sentiment.
for that reason, the index may keep growing.

goals:
3390
3415
Comment:
triple bottom now
still bullish biased
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