S&P500 - Buy the Dip ! Risk/Reward ~1/3 !!

Bullish divergence starting,

I'm buying this dip now and letting it do it's thing.
(Beware, price might go a bit lower, but as long as it remains above 2690, the bias is bullish)

Entry : 2760
Stop : 2690
Target 1 : 3000

Comment:

! Attention !

An alternative count suggests we are in a Triangle with wave A at 2535) meaning wave 4 is not yet over.
(Notice, triangles often happen in wave 4)

Therefore, I'm moving my Stop Loss to 2780 to protect my self in case this count is correct and price falls.

Trade closed: stop reached:

Stop reached, got out with +20pips for first entry and +46for second one.
Nothing big but at least did not lose anything.

Comment:

The call to move the SL was right.
Now, have an eye on 2530 !