S&P500 First Buy Signal (medium-term).


Pattern: Bullish Megaphone on 4H.

Signal: Buy as the price completed a -3% pull-back. Second buy signal when it completes a -6% pull-back as since December every -3% to -6% correction was followed by a rally. Also the MACD hit its 1st Support.

Target: 4300 (slightly below the 1.5 Fibonacci extension of the Channel).

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