S&P 500

As the chart above shows, S&P 500 broke above the 2270 level, and now pull back to the 2273 level, and as a result in the bullish market, we have a great long opportunity. This is the daily time frame so if you are trading on daily time frame, you should expect to see take profit hit in next days. So, the key to be profitable in this time frame is he patience. These kind of trades are more like investing rather than trading indeed. proper entry point or in the better explanation level is 2273. In indices I give more room to price to move, so stop loss is set for 2250, and open take profit.