Get started
US 500
Short

S&P500 Top formed on the 19 month Channel Up. Correction to 4950

596
The S&P500 index hit yesterday the top of the 19 month Channel Up. That was the first time since it started trading.
This is a strong sell signal and considering that the MA50 (1d) has been intact since the November 3rd 2023 bullish break out, we expect to cross under it now.

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

Targets:
1. 4950 (-6.00%, 0.618 Fib and Support A).

Tips:
1. The RSI (1w) is posting the same sequence just under the Rising Resistance that it did during the July 27th 2023 High. An additional sell signal.

Please like, follow and comment!!

Notes:
Past trading plan:

S&P500 Tight Channel Up calls for buying unless it breaks.
TradingBrokersView
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉

Also doing account management, earn +15% monthly profit!

👉CONTACT: t.me/tradingbrokersview

Stop gambling with your trades! 🎰
Start being profitable! 💰
Also on:
Chart PatternsS&P 500 E-Mini FuturesTechnical IndicatorsSPX (S&P 500 Index)standardandpoor500Trend Analysisus500

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.
Chart PatternsS&P 500 E-Mini FuturesTechnical IndicatorsSPX (S&P 500 Index)standardandpoor500Trend Analysisus500
TradingBrokersView
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉

Also doing account management, earn +15% monthly profit!

👉CONTACT: t.me/tradingbrokersview

Stop gambling with your trades! 🎰
Start being profitable! 💰
Also on:

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.