PipCatcherAcademy

SPX500 LONG SCALP

Long
TVC:SPX   S&P 500 Index
SPX500 had a very bearish morning today. It was great to capitalize on that big bearish move. Spx500 is looking like it double bottomed if this 3661.1 level holds. We may get a very big retracement with so much volatility in the market. I'm sure many traders exited their positions. We may get a 50% retracement. Im looking at price level 3674.8 as my entry, 3697 as my TP. and 3655 as my SL giving me a 1.24:1 risk to reward.

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