Then SNP500 is bullish generally but there is a stronger pullback which is taking place.
We can see the bearish move possible on a confirmed Inside bar. The current candle might confirm it at the daily close. Point A is our entry zone on a breakdown of an inside bar structure if it forms. The first target is the TP zone 1 and the second target is the TP zone 2. See the chart for specific levels and zones.
The analysis has been done with the CAMMACD.Core System.
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The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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