Market context
The S&P 500 remains in a constructive medium-term uptrend, but short-term momentum has weakened after the index pulled back from its August record high.
Trade scenario
Bias: Neutraly-Bullish
Timeframe: 4H
Preferred strategy: Buy the Pullback
Entry: 7,720
Stop loss: 7,720
Target 1: 7,750
Target 2: 7,765
Risk/reward: 1:1 or 1:2
Primary risk factor
The main macroeconomic risk is renewed inflation pressure.
Primary risk factors
What could change the outlook
- The main macroeconomic risk is renewed inflation pressure.