<p>Today’s S&P Technical Analysis and Trade Idea</p><p>Attempting to target a Long as price might have pierced (down) the 3900 round number and looks like is back testing a previous price range of a potential accumulation zone.</p><ul><li>1st of 4 buy orders is at 3896. See the video below for the other orders, stop loss and take profit target</li><li>Reward vs risk 1.7x. Target a 2.82% gain on the upside and risk 1.65% on the downside</li><li>Take 50% off the Long position if the target is reached, and raise the stop to the entry </li><li>Watch the S&P technical analysis video below and trade at your own risk</li></ul>

This article was written by Itai Levitan at forexlive.com.