S&P ES Long setup target 6129 / Calls SPY target 605

20 Oca

Fibonacci technical analysis: S&P 500 E-mini Futures ES1! has already found support at the Fib level 78.6% (6020.50) of my Down Fib. Last Daily candle (Jan 17) 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% (6129.00).

ES1! – Target 1 at 127.2% (6129.00), Target 2 at 161.8% (6206.00) and Target 3 at 178.6 (6243.50)
Stop loss slightly below the 61.8% retracement Fib level (5983.00).

Option Traders: My SPY SPY chart Down Fib shows price to go up to Target 1 at 127.2% (605), Target 2 at 161.8% (613) and Target 3 at 178.6 (616)

Stop loss slightly below the 61.8% retracement Fib level (592).

23 Oca

İşlem kapandı: hedefe ulaştı

Price hit my Target 1 at 127.2% (6129) today (Jan 22, 2025) for a very generous profit!!! 😀
From my buy signal posted on Jan 19, ES has moved Up approximately 106 points!

Today's daily candle (Jan 22) close does not suggest price will go further up to Target 2 and so I have closed this trade with a nice profit. 💵 💰💲

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