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S&P500 INDEX (US500): Your Trading Plan Explained

Oleh VasilyTrader
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S&P500 index is testing a recently broken daily horizontal resistance.
With a high probability, it turned into support.

To buy the market with a confirmation, pay attention to a double bottom
pattern on a 4H.

If the price breaks and closes above 5899, it will give us a strong bullish confirmation.

The market will go up at least to 5954 level then.

If the price drops lower and sets a new lower low, the setup will be invalid.

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Double Top or BottomS&P 500 E-Mini FuturesindexesMultiple Time Frame AnalysisS&P 500S&P 500 (SPX500)Support and Resistanceus100US30us500us500signals
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