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S&P500 Channel Down or Bull Flag? Trade accordingly.
US 500
S&P500 Channel Down or Bull Flag? Trade accordingly.
By TheCryptagon
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Apr 24, 2023
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Apr 24, 2023
The S&P500 is testing the Rising Support of the Channel Up pattern.
It is doing so inside a dashed Channel Down, which can also be a Bull Flag.
As long as the price closes over the Rising Support, buy and target 4215 (Fibonacci 1.5).
If it closes under it, sell and target 4050 (4hour MA200).
Previous chart:
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Chart Patterns
Technical Indicators
SPX (S&P 500 Index)
spxtrading
standardandpoor500
Trend Analysis
us500
TheCryptagon
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