S&P500 Long setup
Updated
Traders,
The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction.
I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake.
New:
Long S&P 500 SPY
target 4848.00
Stop 4695
The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction.
I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake.
New:
Long S&P 500 SPY
target 4848.00
Stop 4695
Trade closed: target reached
Finally getting to the computer to update - per the timeline comments, trade closed at 4811 on 12/22. Risk management would not allow me to hold this quickly over the holiday weekend since I already have a full position long but just thankful for +50 pointsNote
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.