SP500 H4 | Potential bullish momentum
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
SP500 is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 4,738.10
Why we like it:
There is a pullback support level
Stop Loss: 4,678.99
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 4,815.95
Why we like it:
There is a resistance level that aligns with the 61.8% Fibonacci projection
SP500: SP500 H4 | Potential bullish momentum
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