Remon_T

SP 500 , strong resistant point, retrace or break out?

Long
FOREXCOM:SPX500   S&P 500 Index
Still very optimistic for SP 500 to go up trend.
there is a 50% chance price will retest 4338.
1st profit target point at 4600, second target 4800 if price stays above at 4270.

price currently on strong monthly resistant trend line, might be tricky if the price go below 4270
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.