SP500 Bullish Continuation Imminent Above 3055
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.
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Many green pips,
Nenad Kerkez aka Tarantula FX