S&P500 INDEX (SPY) Your Trading Plan For Next Week

24 wrz 2022

Hey traders,

SPY reached a demand cluster based on the year's low.

Analyzing a price action, I spotted a harmonic ABCD pattern.
Its completion point matches perfectly with the underlined structure.

To buy with a confirmation, watch a parallel channel on 4H time frame.
Its bullish breakout will be a trigger to buy the index.
The goal for buyers will be 3750 then.

Remember, that a bearish breakout of the underlined zone will trigger a further decline.

❤️If you have any questions, please, ask me in the comment section.
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