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Mankz

SPX FORECAST

S&P 500 Index (FOREXCOM:SPX500)  
Mankz Updated   
FOREXCOM:SPX500   S&P 500 Index
Trend Analysis Chart Patterns S&P 500 (SPX500) SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) us500
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trendanalysis chartpattern spx500 spx spy us500
MARKET PHASE
  • SPX500 is in a weekly uptrend, fueled by a daily timeframe expansion taking place.

AREA OF VALUE
  • We can expect a volatility contraction where lows will form, and therefore allow sell side liquidity to be created (sell stops, shorts, stop losses) below this corrective structure.

TRADE
  • No trade. Waiting for a corrective structure and creation of an area of value.
Trade active:
SP500 completed its corrective structure during the week and has broken to the upside. Wait for a retest of entry.

ENTRY: 5125.40
SL: 5080.80
TP: 1:2R
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