- October 3, 2020
- Posted by: Tradingshot Articles
- Category: Stock Indices
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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:
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Tradingview link:
https://www.tradingview.com/chart/SPXUSD/OEjx8meG-S-P500-Rebound-on-the-4H-MA50