S&P500 Long and strong on this Channel Up
The S&P500 is extending the rise that we called 2 weeks ago at the bottom (see chart at the end) of the long term Channel Up.
Target (1) was easily and quickly hit and as the price is approaching Resistance Zone (1), we get the potential conditions for a short term pull back.
Trading Plan:
1. Buy any pull back under Resistance Zone (1).
Targets:
1. 4220 (top of the Channel Up and +11.00% rise).
Tips:
1. The MACD (1d) is approaching a Resistance level that has previously initiated short term pull backs.
2. Ultimate long term target is Resistance (2) at 4330, which will fill the gap of August 16th.
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Notes:
This is a continuation of this trading plan:
Target (1) was easily and quickly hit and as the price is approaching Resistance Zone (1), we get the potential conditions for a short term pull back.
Trading Plan:
1. Buy any pull back under Resistance Zone (1).
Targets:
1. 4220 (top of the Channel Up and +11.00% rise).
Tips:
1. The MACD (1d) is approaching a Resistance level that has previously initiated short term pull backs.
2. Ultimate long term target is Resistance (2) at 4330, which will fill the gap of August 16th.
Please like, follow and comment!!
Notes:
This is a continuation of this trading plan:
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