Futures E-mini S&P 500
Long

S&P ES Long setup target 5963.50 / Calls SPY target 596

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Fibonacci technical analysis: S&P 500 E-mini Futures ES1! has already found support at the Fib level 78.6% (5623.50) of my Down Fib. Last Daily candle (May 2) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for ES1! to eventually go up to hit first target at Fib level 127.2% (5963.50).

ES1! – Target 1 at 127.2% (5963.50), Target 2 at 161.8% (6205.50) and Target 3 at 178.6 (6322.75)
Stop loss slightly below the 61.8% retracement Fib level (5506.25).

Option Traders: My SPY chart Down Fib shows price to go up to Target 1 at 127.2% (595.82), Target 2 at 161.8% (620.50) and Target 3 at 178.6 (632.50)

Stop loss slightly below the 61.8% retracement Fib level (549).

Enjoy the trading process and take time to smell the roses🌹



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