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
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