S&P500 Index (SPY) Your Trading Plan For This Week ๐
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S&P500 index is currently trading on a key daily structure resistance.
On focus is a rising parallel channel on 4H. If the price breaks and closes below its support,
chances will be high to see a bearish trend continuation.
Initial target will be 4080 level.
Alternatively, bullish breakout of the underlined yellow area will push the market higher.
Next resistance will be 4290.
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