S&P500 Tight Channel Up calls for buying unless it breaks.
S&P500 is trading inside a narrow Channel Up pattern.
As long as the price stays inside, we remain bullish on the index.
The ralies inside it have been quite symmetric as well.
The MA50 (1d) has been supporting this strong bullish trend since November 03 2023.
Trading Plan:
1. Buy as long as the price remains inside the Channel Up.
2. Sell if it breaks below it (Support 1 in play).
Targets:
1. 5260 (+ 4.34% symmetric bullish leg).
2. 4920 (Support 2).
Tips:
1. The RSI (1d) is inside a Triangle pattern. Either direction it breaks to, it will be an early trend signal, so keep an eye.
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Notes:
Past trading plan:
As long as the price stays inside, we remain bullish on the index.
The ralies inside it have been quite symmetric as well.
The MA50 (1d) has been supporting this strong bullish trend since November 03 2023.
Trading Plan:
1. Buy as long as the price remains inside the Channel Up.
2. Sell if it breaks below it (Support 1 in play).
Targets:
1. 5260 (+ 4.34% symmetric bullish leg).
2. 4920 (Support 2).
Tips:
1. The RSI (1d) is inside a Triangle pattern. Either direction it breaks to, it will be an early trend signal, so keep an eye.
Please like, follow and comment!!
Notes:
Past trading plan:
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