The S&P500 / US500 is trading inside November's Channel Up, with the price turning sideways after nearly hitting its top.
This is a comfortable bullish trade over the 4hour MA50 and looks very much like the November 5th-9th consolidation.
As long as the 4hour MA50 supports, buy and target 4850 (top of the Channel Up).
If it breaks, sell and target 4550 (bottom of the Channel Up and 4hour MA200).
Previous chart:
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This is a comfortable bullish trade over the 4hour MA50 and looks very much like the November 5th-9th consolidation.
As long as the 4hour MA50 supports, buy and target 4850 (top of the Channel Up).
If it breaks, sell and target 4550 (bottom of the Channel Up and 4hour MA200).
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.