SP500: See why bulls continue to buy intraday dips

SP500 Daily

SPD

I mentioned back on the 6th of August the importance of the 1:1 (Yellow) and 50 fib that coincided at 1895.00, this support level has offered the bulls an excellent opportunity to add to long positions with the market now at 1960.00 $65 above the entry.

Analysis 6th August: http://www.remarkablefx.com/sp500-important-support-ahead-for-the-bulls/

SP500 M30

SP30

Intraday players continue to buy 1:1 dips as they push for stops above the all time high which is also an AB=CD top.

The post SP500: See why bulls continue to buy intraday dips appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published.