Timonrosso

S&P 500 Pushing to 6,000 after Wedge Break

Viés de alta
SP:SPX   Índice S&P 500
Falling Wedge has formed with the S&P 500 since 1 July 2021.
We then recently had a breakout above 3,991 which confirmed upside to come.
With the strong Engulfing up candles, we can expect the price to soar in the next few weeks.
That is if the trend does hold and doesn't cause a fakeout.

Price>200
RSI>50

My first target is at 6,000.

SMC
Below the Falling Wedge, there is a clear sign of Sell Side Liquidity.

This is where Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades.

This causes the price to rocket up each time it touches this Order Block.

Now we'll need a strong catalyst for upside to continue. I am rooting for this one...

✅ Facebook:
www.facebook.com/groups/matitrader

🌐Website:
www.timonandmati.com

💰FREE Discord:
discord.gg/c8f37kyv35

Twitter:
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.