S&P500 Index: Your Trading Plan For Next Week 📈

Long

S&P 500 Index (FX:SPX500)

Updated

FX:SPX500 S&P 500 Index

trendline parallelchannel candlestick spx500 indexes spy us30 us100 fundamental-analysis

Hey traders,

This week, I have nicely predicted a bullish move on SPY.
Ahead is a strong vertical resistance now.

The price is trading in a falling parallel channel and it is approaching its upper boundary at the moment.

I would suggest looking for a breakout trade next week:
wait for a daily candle close above the trend line and then buy on a retest expecting a bullish movement at least to 4072.

Good luck!

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

Comment:

Check my new idea on OIL:

CRUDE OIL (WTI) Your Trading Plan For Next Week🛢

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Related Ideas

about EURUSD 11

about XAUUSD 10

about EURUSD 2

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.