Trading plan for the S&P 500 Index (#SP500)

S&P 500 Index
#SP500

The trend is upward. The index is trading between the 365 and 135 EMA on the H1 timeframe. The truncated wave pattern has completed with a breakout of the descending channel. The Awesome Oscillator shows a bullish divergence, and the Stochastic Oscillator indicates oversold conditions.

Trade idea:
Buy on a breakout of 6745.5.

Stop Loss — 6721.5.

Target levels — 6778.0; 6866.0.