SPX500 is Strongly Bullish Targeting New Highs

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

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.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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