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robus
Dec 17, 2016 2:25 PM

SP500 : Intermediate Bull Target of 2435.  Long

S&P 500 index of US listed sharesFXCM

Description

I believe that we may do pullback on daily or weekly chart but the bull is still intact for next 1 or 2 months as we have structural breakout from Consolidation and we are in midway of impulse (5th wave).
My First target would be around 2435

you can take entry at next pullback around 2240 and target the 200 points up
SL can be whichever is affordable according your money management

Happy Trading

Comment

On 4hr TF, you can put Buy entry at 50% or 61.8% of retracement and target 2300.

Comment

very very close to the first target

Comment

expect more consolidation next week and then extension of 5

Trade closed: target reached

2470
Comments
Cornhub
Hey Robus~~
robus
@Cornhub, Hey. I hope you are enjoying gold :D
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