SPX Potential for Bullish Continuation | 5th December 2022

On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Price has tapped into my buy stop entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly above where the 78.6% Fibonacci line is.

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