BLACKBULL:SPX500 is in a weekly uptrend, fueled by a daily timeframe expansion taking place.
AREA OF VALUE
We can expect a volatility contraction where lows will form, and therefore allow sell side liquidity to be created (sell stops, shorts, stop losses) below this corrective structure.
TRADE
No trade. Waiting for a corrective structure and creation of an area of value.
Trade active
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SP500 completed its corrective structure during the week and has broken to the upside. Wait for a retest of entry.