S&P 500 (CFD): Corrective Structure in Short Term?

On 1H chart the trend is bullish, but even if it wanted to develop a bullish impulsive structure (i-ii-iii-iv-v), in short term, it would have to trigger a corrective structure (ABC Pattern, for example) with a Target around $4,100.

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Trade closed: target reached

Target 1 hit

Note

intraday support...

Note

Trade closed: target reached

During yesterday's session, our setup also reached Target 2 confirming the short-term bearish structure. With that in mind, very important US data is expected tomorrow despite Wall Street being closed, so be careful with your strategy choices.

Note

Head and Shoulders Inverted (bullish) or bearish continuation structure on 1H chart.

Note

Although the expected pullback was corrected, it did not reach 4.089 and thus did not form the "Right Shoulder".

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Futures

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Trade closed: target reached

Bullis Target 1 Hit! ❤

TheAnonymousBanker

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TheAnonymousBanker

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