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Hi Everyone,
The SPX has a nice risk/reward long set up here. Now there are a couple of options, so manage trades as you must. These are just triggers and not buy recommendations. If the SPX get above 2626, it will trigger a buy and I would place my stop at 2608. But there may be another pattern in play-an ascending bullish wedge. That would call for the spx to make it as high as 2634-ish and then come back down to the 2600-ish area. If that held and we head back up and take out the 2634, the pattern target would be 2674. The charts are below. G-