Testing lows again - Two buy zones

FX:SPX500   S&P 500 Index
$SPX             just reached 1900 again and completed a 61.8 Fib retracement when it touched 1890.
This minor support zone could be enough to push $SPX             back up towards 1920 to test the top of the resistance zone .

Just in case that $SPX             will decline lower to re-test 1870-1880 support zone , it will provide an even better reason to try and speculate on a bullish move as it will complete a bullish Bat pattern.

2 buy zones - 1890-1900 and 1870-1880.
Short term targets - 1910, 1920
Longer term targets (only if the price will close above confirmation level - 1920) - 1950, 1980, 2000

I've added a basic study for Fibonacci trading in this week's newsletters - Read more -
+1 Reply
Ridiculously good entry, well done.
+1 Reply
I know there no sure thing in trading, but I really think that we must hit 2040 before the next bearish wave.
IvanLabrie themarketzone
I go more by market/meta/volume profile levels, than fibonacci.
Agreed on brief upside before a bigger move down for sure. USDJPY was deceiving today, same as EURUSD, seems like Bund will fall, Dax will rally and EURUSD will take a bit of a selloff to 1.1+-.
Everything lines up.
+1 Reply
Nice man! Exactly the same idea here.. Private ugly chart and nevermind the spiral, just playing ;) Bat, 1.618 old target (TP2) zone from the butterfly that ended in 2020. Pretty solid zone, if this doesn't hold  

+1 Reply
BaliShag BaliShag
Sorry.. Didn't know it would post both charts.
I was spot on.. Nice!
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out