SP500 Bullish Continuation Imminent Above 3055

Nenad Kerkez
SP500 Bullish Continuation Imminent Above 3055

Dear Traders,

The SP500 is extremely bullish, After reaching the record highs yesterday, we could see a new wave of buyers after a pullback.

The POC zone 3000-25 is poised for a retest. A bounce after a successful retest should provide upside continuation. 3055 is the level which needs to break. If the price makes a close above it, we should see a continuation towards 3065 and 3108. The uptrend will be strong if the price holds above 3000. A drop below might suggest a deeper retracement. Buying the dip could be a valid option.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk