The S&P500 closed on top of the MA200 (1D) and is having an impressive rally today.
This is very much alike the start of the previous two rallies since the Bear Cycle bottomed.
The pattern is a Channel Up.
Trading Plan:
1. Buy on the current market price as it closed on top of the MA50 (1D).
Targets:
1. 4140 (bottom of Resistance Zone 1).
2. 4300 (under Resistance 2 and a +11% rise), assuming a pull-back takes place first on the MA50 (1D).
Tips:
1. A Buy Cross is emerging on the MACD (1D) and will confirm the uptrend.
Please like, follow and comment!!
This is very much alike the start of the previous two rallies since the Bear Cycle bottomed.
The pattern is a Channel Up.
Trading Plan:
1. Buy on the current market price as it closed on top of the MA50 (1D).
Targets:
1. 4140 (bottom of Resistance Zone 1).
2. 4300 (under Resistance 2 and a +11% rise), assuming a pull-back takes place first on the MA50 (1D).
Tips:
1. A Buy Cross is emerging on the MACD (1D) and will confirm the uptrend.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
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 doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.