S&P500 INDEX (SPY) Breakout Trade For Next Week Long

S&P 500 index of US listed sharesFXCM

Description

⋅ Oct 30, 2022 9:56 AM

Hey traders,

What a bullish week for S&P500 index.
The market nicely bounced on Friday.

Ahead is a key horizontal resistance. 3905 - 3935 is a solid supply zone.
Wait for a bullish breakout of that next week. You need a daily candle close above that to confirm the breakout.

The breakout will trigger a bullish continuation.
Next goal will be 4118.

Good luck!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Comments

VasilyTrader

⋅ Oct 30, 2022 9:57 AM

Wait for a breakout,
that will be your trigger to buy next week

KapitalDevelopers

⋅ Oct 30, 2022 11:24 AM

@VasilyTrader, totally agree with these levels and plan.

TheSignalyst

⋅ Oct 31, 2022 8:30 AM

awaiting that break too ;)

SpartaBTC

⋅ Oct 31, 2022 12:17 AM

Until the elections on November 9, 2022 (9 11) to the US Congress, the market will pump.

UnitedSignals

⋅ Oct 30, 2022 7:40 PM

Thank you for the detailed review.

Michael_Winner

⋅ Oct 30, 2022 2:42 PM

I see a strong move coming yes, thanks for spx500 signal