The S&P has been widening it's range, and just today reached the lower channel trendline of this expanding wedge. This is a bullish pattern, and I'm looking to a pull back in the next few days to the upper trendline, and perhaps a breakout of the channel to the upside.
If this pattern fails, this is extremely bearish, with huge downside consequences. This is just my opinion.
Long from 2023, Target 1: upper trendline, Target 2: TBD after breakout.
If this pattern fails, this is extremely bearish, with huge downside consequences. This is just my opinion.
Long from 2023, Target 1: upper trendline, Target 2: TBD after breakout.
交易結束：目標達成
The price didn't break the lower trendline at monday/s open, so the trade was intact. Price reached the trendline on SPY earlier today, and the trade was closed. the price may continue higher, but expect a pullback before any significant bull move after yesterday. Great trade. 40 points on ES
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