S&P 500 Index
Short

S&P500 Bearish Signals forming on 4H

1 869
Pattern: Bullish Megaphone.

Signal: Sell as the MACD made a Bearish Cross after the (orange) uptrend Channel broke sideways, in a move similar to February 10 and March 12.

Target: 3970 (below the 4H MA100 (green trend-line) as per the previous similar fractals). If the 4H MACD breaks -15.00 then you may extend the selling as low as the MACD Support Zone or just above the 1D MA100 (yellow trend-line).


On the longer-term the trend remains bullish until the greater pattern is invalidated and as suggested by the most recent S&P500 signal shown below, it is safer to buy those Megaphone 4H MA100 pull-backs:

S&P500 The 4H MA50 is the key




** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> hujianghua

--------------------------------------------------------------------------------------------------------

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.