Trading plan for the S&P 500 Index (#SP500)
S&P 500 Index
#SP500
The trend is upward. The index is trading between the 365 and 135 EMA on the H1 timeframe. The truncated wave pattern has completed with a breakout of the descending channel. The Awesome Oscillator shows a bullish divergence, and the Stochastic Oscillator indicates oversold conditions.
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