Short term view - S&P 500 : Pulling back to the gap
The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at 2,856.05 pts. It can resume at anytime towards the target at 2,927.00 pts.Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- Prices will test the quality of bullish gap. As long as it remains open, consequences will be bullish.
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