The SP500 index is extremely bullish. Yesterday trade was closed for 140 pips straight of 3036 (green dot) and I expect new longs around 3040 retest.
A bullish reversal pattern or a signal might appear in the 3040 zone and I am looking forward to seeing a possible rejection there. We can also spot a Wizz Lvl 1 and Order block in the POC zone. A new bounce will target 3044, 3050 ad 3059. Above 3059, the new high will be 3065. Buying the dip is the scenario as bullish domination continues.
