S&P500 Index (SPY) How to Catch a Bullish Continuation 📈

31 Mar 2022

Hey traders,

Spy looks very bullish.
The market is steadily growing within a rising parallel channel.
Now the price is approaching the support of the channel.

To catch a trend-following movement with a confirmation
watch a tiny falling wedge pattern.
You need an hourly candle close above its resistance as a trigger to buy.

Then the market will go higher at least to 4720.

If the price breaks the support of the channel,
the setup will be invalid.

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1 Nis 2022

Not

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