$SPX — Breakout & Strong Momentum
#SPX has broken above its prior consolidation range with a strong impulsive move. Price is trading above all key EMAs, confirming trend strength. Pullbacks are shallow, showing buyers in control. MACD is positive and expanding, supporting continuation. Structure suggests this move is acceptance above resistance, not a fake breakout.
Trade Plan:
• Long Entry: 0.355 – 0.365
• SL: 0.342 (below breakout base)
• TP1: 0.385
• TP2: 0.405
• TP3: 0.430
As long as SPX holds above the breakout zone, dips can be considered buy opportunities. A clean breakdown below support would invalidate the setup.
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