SPX500USD long entry above 3235.9usd. Our
movement of the exchange closely followed our analysis. The current analysis uses an ATR closing value strategy. The point of this is that I calculate both correction levels and target prices by defining the closing value of the D1ATR. What it means. We use the rule that the ATR closing value added to extreme ATRs gives the maximum rate of exchange rate movement. The first fractal examined in the figure fulfilled this rule. It is clear that the second fractal is beginning to build this set of rules. But to make sure we have to wait. We have to wait for the exchange to turn north and close above usd 3235.9. Because there is the sum of the ATR of the next fractal extreme and the sum of the ATR of the closing value. If this level works, we may be more likely to declare that the second fractal has turned north. In this case, the target price can be 3558usd. However, it is not worth hurrying now. Because we are easily caught in the "falling knives" effect. THEREFORE LOOKS FORWARD TO CLOSING OVER 3235,9USD.
