SPX Potential for Bullish Rise | 12th January 2023Looking at the H4 chart, my overall bias for SPX is bullish due to the current price attempting to cross above the Ichimoku cloud , indicating a bullish market. Price has tapped into my buy stop entry at 3950.57, slightly below where the 61.8% Fibonacci line is. Stop loss will be at 3764.49, where the recent swing low is. Take profit will be 4100.51, where the previous swing high is.
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