S&P Trading plan

Pattern: Channel Up within a Bullish Megaphone.

Signal: (A) Bearish as long as the price is within Channel Up towards the 4H MA50. (B) Bullish if the Channel Up bounces near the 4H MA50. (C) Bullish if the Higher High trend-line of the Channel Up breaks upwards. (D) Bearish if the Higher Low trend-line of the Channel Up breaks downwards.

Target: (A) 3050, (B) 3140, (C) 3190, (D) 2930.

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