Market Signals Pro

S&P 500: Poised For Pullback But Still Bullish.

S&P 500 (SPXUSD Chart) on the daily time frame shows weakness off a notable resistance (4800). Price can retrace back to 4725 or as low as 4650 and STILL remain in a broader BULLISH trend. This is particularly important for Trade Scanner stock signals. Long signals for stocks should be considered LOW probability until the bullish momentum on the S&P continues. Keep in mind IF 4650 support breaks, a change in trend structure may be in play. Watch the 4650 and 4725 levels for a bullish reversal patterns.