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TraderTroopa
Jan 24, 2016 11:40 AM

S&P500: Long, swing up to 2,000 Long

S&P 500 index of US listed sharesFXCM

Description

I'm long-term bearish on the S&P, but this upward retracement I don't want to miss/

Why to buy: Prices bounced of key support areas which are bronze colored lines in the chart. If you want to validate, check the chat at the weekly, it's a clearer view of support level intact-with a bullish hammer.

When to enter: I'm expecting to pull back near the support area.

When to exit: On next resistance which is confluent with 61.80% fibonacci target. Or exit in case market conditions change at the middle of the trade.

Comment

Prices currently hovering around our entry zone, wait for bullish candle signals

Trade active

Entered long, let's swing this up.
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