Hello Traders, welcome to today's analysis of S&P500.
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Explanation of my chart analysis:
The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
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Explanation of my chart analysis:
The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.