FxWirePro
Long

S&P500 forms double bottom at 1935, jump till 2000 is possible

FX:SPX500   S&P 500 index of US listed shares
365 2 4
Major support -1935

The index has made a low of 1935 and slightly recovered from that level. Intraday trend is slightly bullish as long as support 1935 holds.

S&P500             broken minor trend line resistance 1963 and jumped till 1968. It is currently trading around 1957.

Major resistance is around 1980 and break above targets 1990/2000.

Short term trend reversal only above 2030.

On the lower side major support is around 1935 and break below targets 1920/1900.

It is good to buy at dips around 1950-55 with SL around 1935 for the TP of 1980/2000.
That was hilarious - But i'll be constructive.

What should have been fleshed out was something more like: "IF we break Above 1975, THEN we go to 2002"
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haha!! jump til 2000 :)
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