SP500 STRUGGLED TO GET ABOVE 3235 (The Wolf Is Patiently Waiting) | S&P 500 Technical Analysis

4 years ago
5

In today's S&P 500 (SP500) Technical Analysis forecast, I go over the tight range the SP500 is stuck in and explain what could happen when a upside or downside break takes place.

Nothing is certain in the markets, especially when trading the sp500 and individual stocks within it. To be a successful stock market trader you need to look at multiple different angles to draw a conclusion and ultimately create a trade plan.

Trading is all about taking educated risks. Based on my experience this rising wedge pattern in the sp500 I wouldn't be shocked or surprised to see a pullback and ultimately a move higher. however during earnings season, anything can happen. So as I always say, focus on risk management.

TIMESTAMPS:
Intro: 00:00
SP500 Daily: 00:23
SP500 30 Min: 01:39

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