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SP500 Risk VS. Reward Trade Plan (Patiently Waiting) | S&P 500 Technical Analysis
In today's S&P 500 technical analysis update I review the price action of today's candles formation and discuss how I would potentially go about trading this stock market volatility.
My stock market forecast is edging to subtle pull back to the $3000 range and then a bounce from that point. However, if i am wrong and we see a move up about the resistance that we drew out on the 30 minute time frame, the next target would be at the previous support of the island reversal pattern on the SPX (S&P 500 Index).
TIMESTAMPS
â—‹ Intro: 00:00
â—‹ SP500 Daily Chart: 00:28
â—‹ SP500 30 Min Chart: 03:25
â—‹ Trading Ideas: 04:53
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