TRADE SETUP – S&P 500 INDEX

Trade setup – S&P 500 Index.

Price is consolidating and nicely moving in a triangle. So as of now one can go short below 2459 for Targets 2440-30-20.

Wait for Triangle breakout for next move which can either continue the previous up trend or can change the trend to down if price goes below 2400.

Attached below is the Daily Chart of S&P 500 Index for your reference.

I’ll soon share a email id with you, so that you can ask queries related to stocks. (This will be done only on weekends).

Here Learning – Candlestick pattern/ Price consolidation/ Triangle Formation

Sid

Disclaimer

I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.