- May 19, 2021
- Posted by: Tradingshot Articles
- Category: Stock Indices
Pattern: Fibonacci Channel on 1D.
Signal: Buy as the price entered the 1D MA50 – 1D MA100 buy zone again. The 1D RSI is on the (Support) similar level that it was on the Jan 29, March 04 and May 12 bottoms.
Target: 4350 (the 1.5 Fibonacci extension).
Previous S&P500 idea: