themarketzone
Long

Hourly pattern worked, now we need a close above the 50 SMA

FX:SPX500   S&P 500 index of US listed shares
A small bullish Gartley managed to stop yesterday's decline and push $SPX             higher to meet with the same line that he couldn't deal with yesterday.
If $SPX             will close above the 50 SMA line, it could probably rally towards 2000 to meet the 200 SMA line and the 61.8 Fib level.
That's the final target level of the Bullish Gartley setup I've tweeted last night - https://twitter.com/themarketzone/status/636283710665457664
Weekly Analysis - https://goo.gl/5NALBy

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
Blog - http://www.themarketzone.net/?page_id=2371
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IvanLabrie
a year ago
Great, I placed a limit sell at 1970.40, stop at 2107.40.
Not willing to long here.
+1 Reply
themarketzone PRO IvanLabrie
a year ago
I understand you.. From my trading experience it just feels like it's going to get there.
Good luck
+1 Reply
Approaching target level
Reply
Time to take profit on that trade.. although I still think it'll reach 2000.
Too close to the 200 MA.
Reply
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