Good evening guys,
Tonight we are also looking at the SP500. Many of you have seen my analysis on tradingview which I posted last Friday in telegram.
There is a nice risk to reward ratio on this set up.
SP500 – Technicals
The 38% FIB retracement is providing resistance. There is a couple of targets the first one at 2786 and second 2645.
Trade setup: SELL Market Execution (current price 2923), stop loss set at 2990 and take profit 2786.
Stop loss: 67 pips
Take profit: 137 pips