S&P 500 Technical Analysis for the Week of 2/24/2019

Today I am looking at the S&P 500 for the technical analysis. A setup has repeated itself over and over during this move up. I will show you the setup and the precise levels I think the S&P 500 is moving up to. Price is getting closer and closer to the upper target of a Lightning Trade long setup that started a couple of months ago. In the video, I will show why I believe the S&P 500 has one or two more of the setups I saw before it completes.

Once it does then we’ll see what setups present themselves. Right now there are a ton of Lightning Trade setups to the short side that have appeared. These will need to be filled eventually.

Video: S&P 500 Technical Analysis

Recap

The S&P 500 looks like it is going to hit the longer term lightning trade long exit sooner rather than later. While price has been continuing to go up it has created many short lightning trade setups on the 15-minute chart.

One setup in-particular I spoke about in the video has appeared over and over again. I think the S&P 500 technical analysis from how I trade the market will create one more setup before it completes the target to the upside.

It is a really interesting pattern and one I am going to look at moving forward on how I should trade it. Right now I don’t currently trade it but it might be something in the future as a new trade setup to add to my arsenal.

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