S&P 500 offers trade opportunities

S&P 500 offers trade opportunities

2020-01-31 • Updated

S&P 500 met resistance at the 61.8% Fibo of the January 24-27 decline. The index is quite volatile these days offering traders opportunities to make profit. On the D1, the current candlestick opened with a gap up and now sellers are pulling the price down. The close of the H4 candlestick below 3285 will open the way down to 3272.85 and potentially 3258.00. On the other hand, return above 3297 will open the way to 3315 (78.5% Fibo).

Trade ideas

BUY 3298; TP 3315; SL 3194

SELL 3280; TP 3273; SL 3282

S&P500-20HH4.png

To trade S&P 500, choose S&P 500-20H in MetaTrader 5. Read the guidelines to discover how to reade CFD in MT5.

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