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Majani

A GARTLEY HARMONIC SET UP FORMATION ON THE SPX500

S&P 500 Index (SP:SPX)  
Majani Updated   
SP:SPX   S&P 500 Index
Harmonic Patterns S&P 500 (SPX500)
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harmonicpatterns spx500
SPX500 HAS BEEN CONSOLIDATING ON KEY PSYCHOLOGICAL/ROUND NUMBER SUPPORT - 2600 TODAY. JUST AT THE D POINT = 0.786 FIBONACCI LEVEL OF A COMPLETING GARTLEY HARMONIC PATTERN. AFTER SOME CONSOLIDATION I EXPECT THE PRICE TO RALLY FROM THIS SUPPORT LEVEL.
STOP LOSS SHOULD BE JUST BEYOND THE PREVIOUS LAW.
TARGET 1 = 2691
TARGET 2 = 2730
Trade active:
PRICE ACTION BOUNCING FROM SUPPORT AS EXPECTED
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