S&P500 Channel Up priced a bottom. Buy.S&P500 / US500 is trading inside a 20 day Channel Up.
The price hit today the 1hour MA200, while the 1hour RSI breached the oversold limit and rebounded.
The two times this happened before, it was a signal that the Channel Up has formed a bottom.
The bullish waves that followed, rose by at least +2.00%.
Buy and target 6200 as the new higher high of the Channel.
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