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S&P500 entering the buy zone again

  • May 19, 2021
  • Posted by: Tradingshot Articles
  • Category: Stock Indices
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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:

S&P500 may drop -3% to -6%.
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