Still Strongly Bullish on the S&P500

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Still Strongly Bullish on the S&P500

Despite today's sell-off, we maintain our bullish outlook for the $S&P 500(.SPX)$ . We expect a minor pullback to the 4,857 area before considering a long entry.

I expect such a pullback to coincide with the release of US GDP. My target is 4,980 points, although I am avoiding the round 5,000 mark, as the markets occasionally hesitate on such important figures.[What][What][What]

The trading idea presented has an excellent risk/return ratio (RRR) of 5.7:1.

# Will S&P 500 Hit 5000?

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PaulaBaldwin
·01-26
Bullish vibes, full steam ahead!
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BelindaHaywood
·01-26
🙌 Incredible analysis!
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We expect a minor pullback to the 4,857 area before considering a long entry. I expect such a pullback to coincide with the release of US GDP. My target is 4,980 points, although I am avoiding the round 5,000 mark, as the markets occasionally hesitate on such important figures.[What][What][What] The trading idea presented has an excellent risk/return ratio (RRR) of 5.7:1.<img src=\"https://community-static.tradeup.com/news/bdd7eda4f14883cdd3d72697b6ce3659\" tg-width=\"1152\" tg-height=\"687\"></body></html>","htmlText":"<html><head></head><body>Despite today's sell-off, we maintain our bullish outlook for the <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"1\"></v-v> . We expect a minor pullback to the 4,857 area before considering a long entry. I expect such a pullback to coincide with the release of US GDP. My target is 4,980 points, although I am avoiding the round 5,000 mark, as the markets occasionally hesitate on such important figures.[What][What][What] The trading idea presented has an excellent risk/return ratio (RRR) of 5.7:1.<img src=\"https://community-static.tradeup.com/news/bdd7eda4f14883cdd3d72697b6ce3659\" tg-width=\"1152\" tg-height=\"687\"></body></html>","text":"Despite today's sell-off, we maintain our bullish outlook for the $S&P 500(.SPX)$ . We expect a minor pullback to the 4,857 area before considering a long entry. I expect such a pullback to coincide with the release of US GDP. 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