Long entry: 2715 (price area of the unfilled gap)
Stop loss: 2675
1. Target 2800 (near R3)
2. Target: 2850 (near R4)
Risk to SL at 2675: 40 points
Reward (1. Target): 85 points
Reward (2. Target): 135 points
Second long target 2850 (near R4) was hit on January 24.
Theoretically the S&P 500 could rally even higher without a pullback and move up towards the yearly R2 pivot point and to a target at 2960 to 3050 points as shared on my new bullish chart. Hopefully there is at least one larger dip in between though to make the rally more sustainable.