S&P500 Long setup
Updated
Traders,
The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction.
I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake.
New:
Long S&P 500 SPY
target 4848.00
Stop 4695
The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction.
I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake.
New:
Long S&P 500 SPY
target 4848.00
Stop 4695
Trade closed: target reached
Finally getting to the computer to update - per the timeline comments, trade closed at 4811 on 12/22. Risk management would not allow me to hold this quickly over the holiday weekend since I already have a full position long but just thankful for +50 pointsComment
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