Chart Patterns & Algorithmic Trader ( Mar . 15 , ' 21 ) ( 21 )
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SPX Rectangle Channel Pattern s
Reviewed in CPAT
S & P 500 Index ($ SPX . X ) is trading in a rectangle chart pattern on its daily chart above upper trendline $ 3588.11 . A long trade may be entered if price breaks above the upper trendline with a stop below the mid-channel level $ 3411.03 and vice-versa . Breakout targets are : $ 3765.2 to $ 3942.3 . Breakdown targets are : $ 3056.9 to $ 2879.8 . www . surinotes . com