US500 - Purple War Zone!

US500 is overall bullish trading inside our brown channel so we will be looking for Trend-Following Buy setups as it approaches the lower brown trendline.

Moreover, the green zone is a strong demand zone.

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower brown trendline.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle area to look for buy setups (like a double bottom , trendline break , and so on...)

And we would be overall bullish unless the sellers manage to break below the green zone.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich