The S&P500 / US500 touched the 4hour MA50 after the Fed Rate Decision for the first time since July 11th.
This isn't a medium term buy signal as the current 2 month Channel Up, has given two strong buy entries lower, on the 4hour MA100.
We expect the price to hit it at 4510. Buy there and target the Channel Up Top at 4630 (under Resistance A).
The 4hour MACD Bear Cross formation, also hints to a pullback.
Previous chart:
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This isn't a medium term buy signal as the current 2 month Channel Up, has given two strong buy entries lower, on the 4hour MA100.
We expect the price to hit it at 4510. Buy there and target the Channel Up Top at 4630 (under Resistance A).
The 4hour MACD Bear Cross formation, also hints to a pullback.
Previous chart:
Follow us, like the idea and leave a comment below!!
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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.
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.