P.I.T.

Buy the pullback in S&P500!

Long
FX:SPX500   S&P 500 Index
SP500 fell lower but gain back all its losses quickly leaving a pin bar on the chart. The trend is bullish which add weights into this trade. My first target would be the resistance above at 2,117. Why I go long:
  • Bullish trend
  • Pin bar with long wick
  • Price rejects the 2,089 support level
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