S&P500: The Megaphone gave us the perfect Buy
The S&P500 gave us the buy entry we were seeking at the bottom of the Megaphone, which happened to be on the 1D MA50 as well, a standard support level on uptrends. The 1D technicals are neutral (RSI = 52.091, MACD = 17.390, ADX = 22.702) which indicates that there is upside potential to this move.
On our latest trading plan we set a TP = 4,200 and this is intact. On the long term the Channel Up is targeting R2 (TP = 4,330) which is the August 16th 2022 High. If the price pulls back we will buy on S2 (3,925).
Prior idea:
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On our latest trading plan we set a TP = 4,200 and this is intact. On the long term the Channel Up is targeting R2 (TP = 4,330) which is the August 16th 2022 High. If the price pulls back we will buy on S2 (3,925).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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