US SP500 Index(INX.IX): Trading Opportunity

Published On: 28 July 2023, 2.30 PM | Donny Lew,  Senior Dealer

Key Entry Price Pivot(s):
  • 4460
Recommended Trade:
  • Long when it pull back to support level 4460, take profit at 4610, stop loss at 4390
Alternative Case:
  • Short below 4390, take profit at 4260, stop loss at 4460
  • US S&P 500 index(INX) has seen a strong uptrend.
  • We are waiting for it to pull back and found support at the 4460.
  • We potentially look to take a long trade on S&P 500 when forming a bullish bar at the support level to continue the uptrend moving ahead.