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The US500 index is preparing to break through its all-time high

  • Jul 23 2021
  • by
  • Analyst AZA
The US500 index is preparing to break through its all-time high

The US500 index is preparing to break through its all-time high

The US500 index is again in an upward trend. After a deep correction, the price regained all lost positions. Another US100 index has already broken through its all-time high and began to move higher. On this chart, we see that the price is just approaching its historical maximum. Therefore, traders still have time, and they can prepare for the breakout of this level. I recommend placing an order to buy at 4395 with a target at 4330. As you can see on the chart, the price is above 200 simple average, and the MACD indicator shows us steady growth. Considering that this index was in a growing trend on the daily chart, the probability of making money in this trade is very high.

Symbol: US500
Order Type: Pending Order - Buy Stop
Entry Price at 4395
Take Profit at 4430
Pips Earning: 35

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The profit can be $350.00 if the trading volume of 10 Contracts.

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