POWERFUL_TRADERS
Long

S&P500 - MONTHLY FORECAST

INDEX:SPX   S&P 500 Index
Hello Traders!
The very interesting situation in the S&P500             index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT             3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume , Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us!
Sincerely yours, Powerful Traders.
lets see whether there will be a reaction @1st strong support
+1 Reply
did we hit the target on WAVE 5
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@Reekardo, hi!
No we didn't. The true target of 5-th wave more higher!
Best regards, team of Kazakhstan traders "Powerful Traders"
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Reekardo POWERFUL_TRADERS
@POWERFUL_TRADERS, 2500? my upside max is 2444 - double up target from weekly closes off 2007 highs to 2009 weekly closing prices. then a gap fill to the 2013 january 1st fiscal cliff gap up to start the 5 year bull run ending sometime this year.
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@Reekardo, hello! We suppose that s&p 500 will test 2500,although upside targets more higher. Sincerely yours, team of Kazakhstan traders "Powerful Traders"
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