Buying The September E-mini S&P 500 From Fibonacci Support
Today's negative open on Wall Street may give us a chance to get in on the prevailing uptrend in the September E-mini S&P 500. Here is the plan:
1)Entry: Buy 2752.50
2)Stop Loss: 2744.75
3)Profit Target: 2760.25
4)Risk vs Reward Ratio: 1/1
On the daily time frame, this market is technically in an uptrend. A test of the current wave's 38% retracement level will give good trade location to the long.
1)Entry: Buy 2752.50
2)Stop Loss: 2744.75
3)Profit Target: 2760.25
4)Risk vs Reward Ratio: 1/1
On the daily time frame, this market is technically in an uptrend. A test of the current wave's 38% retracement level will give good trade location to the long.
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