SP500 bulls are pushing higher as break or bounce is expected

Nenad Kerkez Top-XE

SP500 is bullish and we should see the move straight from the POC zone on a pullback. Or a breakout above 3422.

The SP500 is very bullish and I expect continuation. If the market makes a retracement, watch 78.6/88.6 zone and a possible bounce up. 3367-3378 is the zone. Above 3422 breakout is expected towards 3447. In Addition to bullish pressure we can also spot the order block which adds to the overall bullish confluence.

The analysis has been done with the CAMMACD.Core System.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Author

Nenad Kerkez

Top-XE

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.