S&P500 Major bullish break out took place

14 באוק׳

The S&P500 index broke above the Rising Resistance that was the top trendline of the Rising Wedge.
This transitions the price action from that pattern to the Channel Up, which has significant upside potential at the moment.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 6080 (+7.25% rise, same as the last rally).

Tips:
1. The RSI (4h) is overbought so expect the momentum to turn sideways for some days but that doesn't mean that the uptrend will stop. Similar thing happened during the previous bullish wave.

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