SPX long scalp within the consolidation? 🤔

Hello, good day traders! 👋🤙

I'm looking for a potential buy📈 setup for $S&P 500 Index (.SPX.US)$ , with both fundamental and technical indicators to back it up.

📰Fundamentally,

In terms of the 200-day moving average, the SPX rose above this trendline on Wednesday, which has historically had bullish implications, after spending a long time below this popular moving average.

🤔On the technical front,

1.) Looking at the H4 chart, my overall bias is bullish with the price above the Ichimoku cloud, indicating a bullish market.

2.) Looking for a potential buy entry at 3907.07, where the 50% Fibonacci line is.

3.) Stop loss will be set at 3806.91, where the 38.2% Fibonacci line is.

3.) I am looking to take profit at 4097.29 where the 78.6% Fibonacci line is located.

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Trade Entry recommendations:

Buy Entry: 3907.07📈

Take Profit: 4097.29 💲

Stop Loss: 3806.91❌

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Other tickers to recommend:

For 5x Long Leverage: $S&P 5xLongSG250228 (CUEW.SG)$

For 5x Short Leverage: $S&P 5xShortSG250228 (CXBW.SG)$

SPX long scalp within the consolidation? 🤔

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Lee Kuan Yew

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