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Long

S&P 500 forms Bullish Bat pattern, good to buy at dips

FX:SPX500   S&P 500 Index
320 4 9
Harmonic Pattern formed – Bullish Bat pattern

Potential Reversal Zone (PRZ) – 1900

The index has made a low of 1912 and slightly recovered from that level. Short term trend is lighty bullish as long as support 1900 holds.

Any break below 1900 will drag the index down till 1870/1850.

Overall bullish invalidation only below 1800.

On the higher side minor resistance is around 1925 and break above will take the index till 1937/1946.

It is good to buy at dips around 1910-15 with SL around 1900 for the TP of 1937/1945
good find
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what does SL and TP mean?
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I am a newbie. can you please explain what "It is good to buy at dips around 1910-15 with SL around 1900 for the TP of 1937/1945 " means?

meziggy
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still bullish?
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