S&P500 is having a short pull back today after crossing over Resistance 1 (4515).
Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year.
This bullish wave draws similarities with May-June.
Trading Plan:
1. Buy on the current market price.
2. Sell if it crosses under the MA50 (1d).
Targets:
1. 4640 (Resistance 2 and top of both Channel Up patterns).
2. 4200 (projected course of the MA200 1d).
Tips:
1. The RSI (1d) is trading inside its own Channel Up. A break under it, could be an early sell signal to watch for the MA50 (1d).
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Notes:
Past trading plan:
Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year.
This bullish wave draws similarities with May-June.
Trading Plan:
1. Buy on the current market price.
2. Sell if it crosses under the MA50 (1d).
Targets:
1. 4640 (Resistance 2 and top of both Channel Up patterns).
2. 4200 (projected course of the MA200 1d).
Tips:
1. The RSI (1d) is trading inside its own Channel Up. A break under it, could be an early sell signal to watch for the MA50 (1d).
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.