KonradK1

S&P 500 Long opportunity on the Daily

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OANDA:SPX500USD   Índice S&P 500
-Pullback this week presents good prices for investors to get back in with better prices
-Friday's selling showed relatively big amounts of volume suggesting panic selling
-The chart seems to be reacting to previous support areas which adds to the case of a bounce back or presents new opportunities for shorts if they're broken and hold
-RSI at ~26 suggesting its oversold


-Good R:R of over 2 using 3000 level as the next significant resistance, can take that as target 1 and play until previous highs for target 2
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