Daily S&P, in bullish Piercing, candlestick pattern. .

FX:SPX500   S&P 500 Index
45 0
Edit: (This is supposed to be a chart of ES. Besides that, nothing has changed.) Yesterday's price action, put the S&P in bullish Piercing (circled). Weekly S&P , is in bearish Failure Swing, but it only takes RSI 57 to pull it out of it. The index has once again held it's 30 week moving average and taking bullish Piercing into consideration and taking a look closer in on price on the hourly chart, there's a bullish Head and Shoulders on that time frame that targets 1857 for the short term. Which would pull the S&P out of bearish Failure Swing. If the trade works out to 1857, i'll update from that point.
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