Inside weeks breakout is always important when it comes to short-mid term trading. This SPX500 weekly chart can be taken as not only a downtrend just finished its 21ema correction, but a strong 3000 pips rally. Analysts can say anything wherever it goes, while traders can trade so many trades wherever the inside week breaks!
Pretty simple, let's wait for the breakout and trade in line with the direction it breaks. Let's see how it goes yo!
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broke to the upside and got the 1st kick yo!
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Even on weekly chart it's a 1:2 risk-reward trade yo!