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Educational content. Not investment advice S&P 500 Breakout & SMR Pullback | Technical Thursdays
In this Technical Thursdays episode, we’re diving into key setups on the S&P 500 and SMR. The S&P has broken out and is retesting its previous resistance around 574-575, creating a potential stair-step pattern. We’re also watching SMR, which is pulling back to its prior breakout zone, offering a potential buying opportunity.
In this video, we cover:
S&P 500: Key levels to watch for either a bounce or breakdown.
SMR: How a pullback into the prior breakout zone presents a potential trade.
Using FOMO to gauge market sentiment and key support levels.
Whether you're a trend follower or pullback trader, these setups provide clear levels to watch for potential entries.
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