The SP500 is extremely bullish, After reaching the record highs yesterday, we could see a new wave of buyers after a pullback.
The POC zone 3000-25 is poised for a retest. A bounce after a successful retest should provide upside continuation. 3055 is the level which needs to break. If the price makes a close above it, we should see a continuation towards 3065 and 3108. The uptrend will be strong if the price holds above 3000. A drop below might suggest a deeper retracement. Buying the dip could be a valid option.
