Why The S&P 500 Looks To Trade 4500 This Week ES1!
Get ready for a bullish surge! 🚀 The stars have aligned, signaling a rally to 4498 this week. Anchored VWAP, moving averages, and Beacon Indicator all in sync. Let me break it down for you:
First, we have the Anchored VWAP, a powerful tool that tracks the volume-weighted average price. When combined with moving averages and the Beacon Indicator, it forms a winning trio. And guess what? They're all synchronized, pointing towards a bullish scenario.
Just today, we successfully held all the key support levels, giving me the green light to aim for the coveted target of 4498. But hey, let's be cautious here. A daily close below 4406.25 would invalidate this bullish thesis. Always have an exit plan in mind.
I anchored a VWAP to the recent low of 4350, and it coincides with the support level at 4409.50. This adds another layer of confirmation to our bullish bias.
To add to the bullish sentiment, we are comfortably trading above the 5-day moving average, currently positioned at 4420.25. This moving average acts as a dynamic support level, showing strength in the short-term trend.
And finally, my trusty Beacon Indicator flashed a buy signal after Friday's close. With support at 4406.25 and a target of 4498 for the week.
As for my current position, I'm long with calls and will continue to trade exclusively on the long side until we reach our target or see a daily close below 4406.25. Stay tuned for more updates, and remember to always adapt your strategy to the ever-changing market conditions.💪📈
First, we have the Anchored VWAP, a powerful tool that tracks the volume-weighted average price. When combined with moving averages and the Beacon Indicator, it forms a winning trio. And guess what? They're all synchronized, pointing towards a bullish scenario.
Just today, we successfully held all the key support levels, giving me the green light to aim for the coveted target of 4498. But hey, let's be cautious here. A daily close below 4406.25 would invalidate this bullish thesis. Always have an exit plan in mind.
I anchored a VWAP to the recent low of 4350, and it coincides with the support level at 4409.50. This adds another layer of confirmation to our bullish bias.
To add to the bullish sentiment, we are comfortably trading above the 5-day moving average, currently positioned at 4420.25. This moving average acts as a dynamic support level, showing strength in the short-term trend.
And finally, my trusty Beacon Indicator flashed a buy signal after Friday's close. With support at 4406.25 and a target of 4498 for the week.
As for my current position, I'm long with calls and will continue to trade exclusively on the long side until we reach our target or see a daily close below 4406.25. Stay tuned for more updates, and remember to always adapt your strategy to the ever-changing market conditions.💪📈
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