The S&P500 is trading inside a Channel Up for more than 6 months.
The price is now between the 0.5 - 0.618 Fibonacci levels, a zone that was the last consolidation during the previous two rallies to the top of the Channel Up.
The Target Zone is between 4280 - 4350, with 4280 being the 1.236 Fibonacci level where the previous Higher High was formed.
The RSI is still on a Rising Support as both previous rallies.
Previous chart:
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The price is now between the 0.5 - 0.618 Fibonacci levels, a zone that was the last consolidation during the previous two rallies to the top of the Channel Up.
The Target Zone is between 4280 - 4350, with 4280 being the 1.236 Fibonacci level where the previous Higher High was formed.
The RSI is still on a Rising Support as both previous rallies.
Previous chart:
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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.