S&P500 targeting 3500


Pattern: Triangle on 4H.

Signal: Buy on the next MA50 contact as the price breached the 4H MA200 as in October 01. Also the MACD made a strong Bullish Cross, similar in strength with the September 24 – 29.

Target: 3500 (potential contact on the Lower High trend-line of the pattern).

Most recent S&P signal:

S&P500 got rejected on the 4H MA50! More pain ahead?

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