Bullish for S&P 500 Futures

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The S&P500 Futures bounced from a very strong support area on Thursday and formed a Pin bar on the daily chart.

This area is confluent with many signals below it
- AB = 1.618 CD
- A correction of 0.618-0.707 area to the wave
- Rejection of VWAP anchored from 2022 low
- Retest of the Downtrend line
- Resistant becomes Support

Then it closed on Friday with a momentum bar. I am only bullish.

Price is expected to pullback, then take off to at least 4470, the Target 1. It is a strong supply zone.

Then we will see if it can break the new high. 4950 is Target 2. It is a 1:1 measurement of Head and Shoulders.

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