ENTRY 13.00 is a fresh 4H demand zone RbR speculating a daily trend reversal. Will be doing a set and forget limit order. One can enter in the zone at 13.04 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP 12.85 is $0.15 right outside of the low for some protection.
TARGET 16.00 is 3.00 higher in a fresh daily supply zone with a 4H supply nested.
Normally I would say that your stop is way too tight but, with a double bottom below that and a higher low after, That's about right. I have my doubts about it returning to $13 without SPX breaking below 200 DMA.