SP500 - Bullish Pinbar?
As the yesterday's dip below the 200DMA was aggressively bought and the index closed in green, it posted a strong bullish pinbar, suggesting upside momentum could prevail in the next days. Therefore, we would like to try a buy stop order at 2,640 USD, targeting the 2,680 USD level. SL should be at 2,630 USD.
Trade closed: target reached
Our profit target was reached today as the the index traded slightly above the 2,800 USD level.
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