S&P500: Bullish pattern to 2800.

The price action on 1D highlights the existence of a strong Resistance zone at 2,818.50 - 2,825.25 and a strong Support zone at 2,603.00 - 2,626.75. The current overbought Channel Up pattern on 4H (RSI = 73.422, MACD = 9.300, Highs/Lows = 46.8393) mirrors the previous one that following the test of the Support zone, it reached the Resistance zone. Following Powell's strong outlook today, there are high chances for this aggressive buying pattern to duplicate in the next 5 - 7 sessions. Our TP is 2,749.25 and 2,795.50 in extension.



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