S&P 500 IndexLong
Running Flat within a Developing Running Flat
Let’s see if this RF at 15 mins can develop into a completed RF at 2-4 hour intervals.
Target 1 4600, target 2 4650
Has trendline support here at old resistance that developed during pullback, rsi over done to downside near term look for it to retrace to its own moving average and the stochastic to begin cycle up from here.
Those mechanics will move the price to the expected levels and we will have a bullish base to move higher than 4650
Target 1 4600, target 2 4650
Has trendline support here at old resistance that developed during pullback, rsi over done to downside near term look for it to retrace to its own moving average and the stochastic to begin cycle up from here.
Those mechanics will move the price to the expected levels and we will have a bullish base to move higher than 4650
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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.