S&P500 Index (SPY): Your Trading Plan For Today

6 בדצמ׳ 2022

S&P500 Index is trading within an expanding wedge pattern.
The price is currently approaching its support.

To buy with a confirmation, watch an hourly time frame.
I spotted a double bottom pattern there.

4008 - 4011 is its neckline.
Wait for its bullish breakout. You need an hourly candle close above to confirm that.
Buy aggressively or on a retest.

Goals will be 4041 / 4059

If the price sets a new low, the setup will be invalid.

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