US500 - Intraday - We bought at 3300 (stop at 3260)
A Doji style candle has been posted from the base.
Daily signals for sentiment are at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
Further upside is expected although we prefer to buy into dips close to the 3300 level.
Bullish divergence is expected to support prices.
Our profit targets will be 3415 and 3507
Resistance: 3400 / 3507 / 3588
Support: 3300 / 3210 / 3000
A Doji style candle has been posted from the base.
Daily signals for sentiment are at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
Further upside is expected although we prefer to buy into dips close to the 3300 level.
Bullish divergence is expected to support prices.
Our profit targets will be 3415 and 3507
Resistance: 3400 / 3507 / 3588
Support: 3300 / 3210 / 3000
Trade closed: target reached:
Trade closed at 3330.
