S&P500 (1h) Golden Cross indicates extension of this rally.S&P500 is rising on its MA50 (1h) which has been holding for the 3rd straight day.
On Wednesday it formed a Golden Cross (1h), a standard bullish signal on the previous 2 Channel Up patterns since the August 5th bottom.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 6100 (+7.20% rise, similar to the previous Channel Up).
Tips:
1. The RSI (1h) is posting the same Bull Flag as on the previous legs.
Please like, follow and comment!!
Notes:
Past trading plan: