S&P500 / US500 crossed back over the 4hour MA50 and so far today is holding it.
For this level to stay as Support is critical as a 4hour candle close under it can delay the uptrend and send it to the 4hour MA200, 1day MA50 near the Rising Support.
In that case sell and target 4300.
As long as the 4hour MA50 holds, be bullish and target Resistance A at 4500.
The 4hour MACD is on a Bullish Cross, favoring a buy.
Previous chart:
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For this level to stay as Support is critical as a 4hour candle close under it can delay the uptrend and send it to the 4hour MA200, 1day MA50 near the Rising Support.
In that case sell and target 4300.
As long as the 4hour MA50 holds, be bullish and target Resistance A at 4500.
The 4hour MACD is on a Bullish Cross, favoring a buy.
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.