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Prices are extending higher from the bullish flag/pennant formation.
We have a 61.8% Fibonacci pullback level of 7458 from 7020 to 7729.
Bespoke resistance is located at 7461.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Preferred trade is to sell into rallies.
Expect trading to remain...
US500 - Intraday - We look to Buy at 2885 (stop at 2875)
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Price action is forming a bullish flag which...