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Nenad Kerkez
stock market

Dear Traders,

The SPX500 went exactly as expected, reaching all targets previously covered by my analysis.

A break of a trend line might initiate a retracement. As the index makes more than 100 Forex pips for the ATR(5), it is perfectly suitable for trading on M15. A drop towards 1.3060 confluence zone might initiate new wave of buyers. 3058-62 is the zone. By the looks of the MTF and higher TF and momentum, the SPX500 is targeting 3088 followed by 3100.

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

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