Fibonacci technical analysis: S&P 500 E-mini Futures (
ES1!) has already found resistance at the Fib level 78.6% (6057.75) of my Down Fib. Last Daily candle (Jan 7) has closed below retracement Fib level 38.2% (5963.75). My Down Fib guides me to look for ES1! to eventually go down to hit first target at Fib level -27.2% (5811.50).
S&PES1! – Target 1 at 5811.50, Target 2 at -61.8% (5731) and Target 3 at -78.6 (5691.75)
Stop loss slightly above the 50.0% retracement Fib level (5991.25).
Option Traders: My SPY
SPY chart (Down Fib from 602.48 to 580.50) shows price to go down to Target 1 at -27.2% (574.52), Target 2 at -61.8% (566.92) and Target 3 at -78.6 (563.22)
Stop loss slightly above the 50.0% retracement Fib level (591.50).
ES1!) has already found resistance at the Fib level 78.6% (6057.75) of my Down Fib. Last Daily candle (Jan 7) has closed below retracement Fib level 38.2% (5963.75). My Down Fib guides me to look for ES1! to eventually go down to hit first target at Fib level -27.2% (5811.50). S&P
ES1! – Target 1 at 5811.50, Target 2 at -61.8% (5731) and Target 3 at -78.6 (5691.75)Stop loss slightly above the 50.0% retracement Fib level (5991.25).
Option Traders: My SPY
SPY chart (Down Fib from 602.48 to 580.50) shows price to go down to Target 1 at -27.2% (574.52), Target 2 at -61.8% (566.92) and Target 3 at -78.6 (563.22)Stop loss slightly above the 50.0% retracement Fib level (591.50).
Dagangan ditutup: sasaran tercapai
Price hit my Target 1 at -27.2% (5811.50) on Jan 13, 2025 for a generous profit!Today's daily candle (Jan 13) close does not suggest price will go further down to Target 2 and so I have closed this trade with profit.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.