US500 | 1H Long: Range Breakout Above the MAsUSA S&P 500 IndexIC:US500narmakPrice broke out of the Oct 13-14 consolidation (7,790-7,815) and is trading above the moving averages, which are turning up. The 4H ascending channel is still intact. LONG Entry: 7,808-7,820 (pullback preferred) SL: 7,802 (7,801 on a pullback entry) TP1: 7,830 TP2: 7,845 Invalidation: 1H close below 7,802. Watch for liquidity at the US open; the Asian session is thin. (Educational purposes only. Not financial advice.) #US500 #SPX #SP500 #DayTrading #Breakout