S&P500 First 4hour Golden Cross in 2.5 months.
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:
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