SPX500 Looking for small green candle to form in this zone

FX:SPX500   S&P 500 Index
128 2 4
If no small green or bullish looking candle forms then all long ideas will be scratched
Ok to break Fridays low with a spike but close bullish ( hammer , pin bar , small range green candle that closes above 2008 etc)

But any close below that level and I will be sitting on hands
Comment: Gone long - do not want to push my luck so will be taking profits at 2039 for T1 and trailing stop to BE as soon as possible on second portion - last target 2089

Please do not enter this if it does not fit your rules as it is VERY aggressive and jsut my opinion
Thanks, I'm in the same thought as you. My target point is 2094. If 2007, or 2005 (.382 fib) breaks, look for 1992 to act as support... I wouldn't be surprise to see it get there, the 2hr and 4 hr waves are strongly negative and need to churn until they get some bullish divergences on them, most likely that will take this below 2005, seeing as how we are already at 2011.
Thanks for your reply gLloW, yes i think this level is likely to have some support as retail traders scramble to sell after a big drop in price evidenced by the gap (90% of time this is a bad idea...), but pros would likely want a better fill at higher prices so it may rally.

Not holding breath that this will hold right now but if there are any clues when the 4hr candles close I would be ok with taking a small risk long at support despite the fact I'm actually position short, (different trades, different reasons...)
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