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SPXUSD - Long and Short Positions

FOREXCOM:SPXUSD   SPX500
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SPX             has formed as ascending triangle with strong support and resistance lines. We are looking for a breakout above the top resistance for a long position, and a short position if we see the price break the lower ascending triangle suppor. You can also see that the RSI is on an upward trend which indicates this might end in a top resistance breakout. The StochasticRSI is heading back down which is healthy for a correction to test the bottom support before heading back up or breaking support and forming a downtrend.

Enjoy life, enjoy trading!
Travis

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
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