Fibonacci technical analysis: S&P 500 E-mini Futures 
ES1! has already found support at the Fib level 78.6% (5623.50) of my Down Fib. Last Daily candle (May 2) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for ES1! to eventually go up to hit first target at Fib level 127.2% (5963.50).
ES1! – Target 1 at 127.2% (5963.50), Target 2 at 161.8% (6205.50) and Target 3 at 178.6 (6322.75)
Stop loss slightly below the 61.8% retracement Fib level (5506.25).
Option Traders: My
SPY chart Down Fib shows price to go up to Target 1 at 127.2% (595.82), Target 2 at 161.8% (620.50) and Target 3 at 178.6 (632.50)
Stop loss slightly below the 61.8% retracement Fib level (549).
Enjoy the trading process and take time to smell the roses🌹
ES1! has already found support at the Fib level 78.6% (5623.50) of my Down Fib. Last Daily candle (May 2) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for ES1! to eventually go up to hit first target at Fib level 127.2% (5963.50). ES1! – Target 1 at 127.2% (5963.50), Target 2 at 161.8% (6205.50) and Target 3 at 178.6 (6322.75)Stop loss slightly below the 61.8% retracement Fib level (5506.25).
Option Traders: My
SPY chart Down Fib shows price to go up to Target 1 at 127.2% (595.82), Target 2 at 161.8% (620.50) and Target 3 at 178.6 (632.50)Stop loss slightly below the 61.8% retracement Fib level (549).
Enjoy the trading process and take time to smell the roses🌹
Trade active
Price hit my Target 1 at 127.2% (5963) on May 16, 2025 for a very generous profit!!! 😀From my buy signal posted on May 5, ES has moved Up approximately 336 points!
I have scaled out some contracts with a nice profit of 336 points. 💵 💰💲 The May 16 daily candle close suggests price can still go further up to Target 2 and so I have left some remaining contracts waiting for price to reach my Target 2 at 161.8% (6205).
Enjoy the trading process and take time to smell the roses🌹
Trade closed: target reached
Today's daily candle May 21 close does not suggest price will go further up to Target 2 and so I have closed this trade with a nice profit. 💵 💰💲Enjoy the trading process and take time to smell the roses 🌹
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.