BullBearMkt

S&P500 BULLISH MOMENTUM LIKELY TO PROPEL INDEX ABOVE TRIANGLE!

Long
FX:SPX500   S&P 500 Index
With price rejection on the index observed last Friday, S&P500 bullish momentum is likely to extend into coming week which will cause the index to rally above the upper channel of the expending triangle. Another huddle for the index to overcome is the resistance at 4060 circa. Forecast is for the index to rise above the resistance level to re-test the swing high in "b".


N.B!
- S&P500 price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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