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

Por VasilyTrader
snapshot

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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Double Top or BottomdowjonesS&P 500 E-Mini FuturesindexesMultiple Time Frame AnalysisNASDAQ 100 CFDnasdaqS&P 500S&P 500 (SPX500)US30Wedge
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