US 500
Long

S&P500 First bullish break out after a month

126
S&P500 crossed today above both the 1 month Channel Down and the MA200 (1h).
The latter was intact since February 21st.
The MA100 (1h) has the potential to turn now into the short term Support.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 5900 (the 0.618 Fibonacci retracement level).

Tips:
1. The market just formed a MA50/100 (1h) Bullish Cross. The first since Feb 13th.

Please like, follow and comment!!

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.