Looking at one of the popular indexes today, the US S&P500, we’ve spotted a large and obvious price action signal that has formed at the close of the last new york session. This Bullish rejection price action shows up that the market ‘rejected’ sell offs into a swing level in this market, and for those who know the Price Action Protocol, this is a market hot spot for bullish PA.
If price breaks the high we could see the next push up of bullish power in this already strong uptrend.