The SPX500 is in a strong uptrend. Major moves are usually happening during the early hours so Tokyo session traders usually get the most benefits.
3075-80 is where the buying usually happens. All these green dots on the template are signaling buying opportunities. Another drop in the zone could be possibly used for another wave of buying. Targets are 3094, 3100 and 3105. As long as the D L5 level holds, bull are safe on intraday basis.
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