SP500 Bullish Continuation Imminent Above 3055

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

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

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of