S&P 500 - RETESTING THE BREAKOUT
S&P #SPX is retesting its major breakout level (Falling trendline). We are waiting for strong bullish candle in here as this level hold multiple confluence
1. EMA100 resides here
2. Test of Major falling trendline
3. Test of Tentative rising trendline (dotted)
A successful retest means S&P is gearing for new higher high (4120 and 4300). A failure will bring it back to 3800-3700 range where a review will be needed for next move.
1. EMA100 resides here
2. Test of Major falling trendline
3. Test of Tentative rising trendline (dotted)
A successful retest means S&P is gearing for new higher high (4120 and 4300). A failure will bring it back to 3800-3700 range where a review will be needed for next move.
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