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S&P 500 Index
Long

S&P500 Buy opportunity on the 1D MA50

1 524
This is a continuation idea to the most recent one:

S&P500 Is it getting ahead of itself?


Pattern: Channel Up on 1D.

Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the RSI has entered its 1 year Buy Zone.

Target: 4450 (the 1.382 Fibonacci extension, which has been the most modest target for a Higher High within the Channel Up).



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Chart PatternsHarmonic PatternssignalsSPX (S&P 500 Index)S&P 500 (SPX500)spxsignalsTrend Analysisus500

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Chart PatternsHarmonic PatternssignalsSPX (S&P 500 Index)S&P 500 (SPX500)spxsignalsTrend Analysisus500
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.