S&P500 formed the first 4hour Golden Cross since January 16th, breaking above Resistance A.
The RSI is on a Rising Support, same with the previous bullish leg of January.
Following the Golden Cross, the price pulled back to Fibonacci 0.5 and then resumed the uptrend.
Regardless of this potential pullback, we remain bullish on the S&P500 index, with our Target intact at 4280.
Previous chart:
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The RSI is on a Rising Support, same with the previous bullish leg of January.
Following the Golden Cross, the price pulled back to Fibonacci 0.5 and then resumed the uptrend.
Regardless of this potential pullback, we remain bullish on the S&P500 index, with our Target intact at 4280.
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.