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SP500 TRADING STRATEGY (Risk Vs. Reward Setup) | S&P 500 Technical Analysis
In today's S&P 500 (SP500) Technical Analysis forecast, I walk you through a trading strategy I am considering at an area of resistance that I have been watching like a wolf.
THe $3250 level on the S&P 500 from a technical analysis perspective is a key level of resistance that the bulls may struggle to get through. If an inverted hammer candle forms at that level I will short into the downward momentum after the 30 minute candle closes.
TIMESTAMPS:
Intro: 00:00
SP500 Daily: 00:16
SP500 30 Min: 01:38
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#StockMarket #TechnicalAnalysis #SP500
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