Timonrosso

S&P 500 Cup and Handle formed and ready to run up to 5,704

Long
SP:SPX   S&P 500 Index
S&P 500 has formed a Cup and Handle, broken above the handle and has created a breakway gap.

This is showing the beast is ready to run up and rally to new All time highs.

It's ideal for the price to turn, test and confirm which will help get us into a better position for a trade.

My first target is at 5,704.


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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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