S&P500 Index (SPY) Buying on Dips 📈 for FX:SPX500 by VasilyTrader — TradingView

Multiple Time Frame Analysis Parallel Channel Wedge indexes S&P 500 (SPX500) S&P 500 E-Mini Futures S&P 500 ETF nasdaq US30 dowjones

mtfa parallelchannel wedgepattern indexes spx500 es1! sp1! etf nasdaq us30 dowjones

snapshot

I bought SPY again.
After setting a new ATH the market retraced to the support line of a major rising parallel channel on a daily.
My confirmation was a bullish breakout of an expanding wedge pattern on 1H time frame.

I expect a bullish move to retest the current high & then to new highs.

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Comment:

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USDCAD: Breakout & Bearish Outlook 🇺🇸🇨🇦

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