S&P500 Index (SPY) Key Level Ahead! Your Plan: 📈

17 Ağu 2022

S&P500 is approaching a key daily structure resistance.
To catch a bearish move from that watch a rising wedge pattern on 4H.

Your trigger to short will be a bearish breakout of its support (4H candle close below),
then the price will most likely drop at least to 4250 level.

Alternatively, a bullish breakout of the underlined yellow area will trigger a bullish continuation.

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