Daniel Ang

Buying Opportunities in S&P 500 Wed, Nov 16, 14:52pm. Limit Order Amendment. Sat, Nov 19, 00:19am. Orders Cancelled. Mon, Nov 21, 15:29pm.

Chart SPXm, H4, 2022.11.16 06:52 UTC, Tradeview, Ltd., MetaTrader 4, Real

The relief rally seen in the S&P 500 from Oct 12 low does not appear to be over. This is because this 3-wave rally has an equality termination point at around 4122.4. If we have a short-term decline today, ideally to the 50% of the 3697.0 to the overnight high of 4041.6 at 3886.2, it may present a buying opportunity for a resumption of the rally towards 4122.4.

TRADE IDEA

#1 Limit Buy @ 3870.0. Amend to 3869.0. Sat, Nov. 19, 00:09am

#2 Limit Buy @ 3828.0

Stop @ 3690.00

Target #1 @ 4074.9

Target #2 @ 4120.0