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NIAL FULLER
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Trade Idea: I’m Buying S&P 500 Index On A Pullback To The 2860-90 Support Area – July 9th, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 2 Comments

Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

Potential Trade Idea: S&P 500 Index On A Pullback To The 2860-90 Support Area – July 9th, 2019

All charts illustrated are daily charts unless marked otherwise.

Trend: Bullish

Relevant Key Levels: Support 2860-90, 2800, 2690-2730, 2600 and 2500-2550. Resistance 2946-60 and 3000.

Price Action: An Inside bar Pattern forms at the most recent high and could lead to a short term correction to test support. There is also the potential for a Fakey Pattern to develop here. Price recently broke and closed strongly above the prior all-time high at 2960.

Current Notes: We prefer to buy on a pullback in prices towards the 2860-90 support zone. The bias is bullish whilst prices remain atop the 2800 major support area. Any retracement lower is likely to see strong support from buyers around 2860-2890 short term support area.

Potential Trade Idea: We will consider buying on a clear price action buy signal on a deeper retracement to around or just above the 2860-2890 support key level. Upside targets to 2960 to 3000 area.

NOTE – You can trade S&P 500 via the preferred trading platform we use HERE.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. Viet July 11, 2019 at 12:32 am

    Nial, Im from Vietnam. I cannot describe how much I admire you.
    Never imagine some simple candle patterns have such power on the market.
    I always dream to be a successful trader living my free life with beloved but have never reached it after some years of ups and downs…a lot of pain, loss …
    I want to have a life like you, being happy with beloved wife and daughter and enjoy trading, please help me by posting more about your price action applications, I promise with you and with myself that I will appreciate every piece of experience from your posts.
    Many appreciation, admiration, loves and best wishes from me to you.

    Reply
    • Nial Fuller July 12, 2019 at 1:53 am

      Your comment is very appreciated, it is good to hear from traders in Vietnam.

      Reply

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