S&P500 Rebound on the 4H MA50

 

Pattern: 4H MA50 rebound.

Signal: Buy as last time the 4H MA50 was tested and held as Support, a 2 month rally started. RSI and MACD are similar to that fractal of early July.

Target: 3480 (the -0.5 Fib extension).

Most recent S&P signal:

S&P500 Buy Signal (long-term)

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Tradingview link:

https://www.tradingview.com/chart/SPXUSD/OEjx8meG-S-P500-Rebound-on-the-4H-MA50



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