July Special: Get 40% Off Nial Fuller's Forex Trading Course & Daily Trade Ideas Newsletter (Ends July 31st)
Nial Fuller

Professional Trader, Author & Trading Coach

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

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.

Members Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day …
All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

Note: –  Download a Free Trial of the Broker & Charting Platform We Use HERE.

Please Leave A Comment Below 

Print Friendly, PDF & Email

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.

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

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


Leave a Comment

Your email address will not be published. Required fields are marked *