InvestingScope

Pullback successful. New Higher High on sight.

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
The 1D Channel Up (RSI = 64.273, MACD = 15.350, Highs/Lows = 11.000, B/BP = 26.8360) pulled back to the expected ~2,910 Higher Low and rebounded on a strong candle sequence. The uptrend is now strong on all levels (4H RSI = 61.057, Highs/Lows = 10.5536) and is moving towards at least a 2,947.75 ATH test with high chances of making a new Higher High near 2,966. Our TP remains 2,960. At the moment the 1W Channel Up, which signifies the long term bullish behavior of EURUSD, can potentially extend as high as 2,983.25 for a Higher High and is at the same time supported at 2,878.00 for a Higher Low (if printed we will add another long).

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