SPX is currently testing a major horizontal resistance zone around 1.34–1.36, after a consistent series of higher lows forming an ascending triangle.
Trade Setup:
Entry (after breakout and retest): 1.34–1.36
Targets:
First target: 1.475
Second target: 1.567
Final target: 1.701
Stop Loss: Below 1.29
Structure: Ascending triangle showing compression and bullish pressure
RSI: Trending up, signaling possible continuation
This setup requires patience — the ideal long entry is after a breakout with successful retest. Rushing in early can be risky.
Do your own research. Not financial advice.
Trade Setup:
Entry (after breakout and retest): 1.34–1.36
Targets:
First target: 1.475
Second target: 1.567
Final target: 1.701
Stop Loss: Below 1.29
Structure: Ascending triangle showing compression and bullish pressure
RSI: Trending up, signaling possible continuation
This setup requires patience — the ideal long entry is after a breakout with successful retest. Rushing in early can be risky.
Do your own research. Not financial advice.
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