Contributors Technical Analysis SPX500 Is Strongly Bullish Targeting New Highs

SPX500 Is Strongly Bullish Targeting New Highs

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.

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