ICTTradeTactics

Waiting for S&P500 retrace to 3947 to enter long position

FX:SPX500   S&P 500 Index
S&P500 is in the uptrend on Daily chart. On 1h chart it went down to 1h up channel support, bounced off it and made a Counter trend line break bullish in the BUY ZONE. Target - 1h channel resistance @4012, which also coincides with 1h up fib ABCD 1,21 extension and daily up channel resistance.
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.