S&P500 Buy opportunity on the 1D MA50


This is a continuation idea to the most recent one:

S&P500 Is it getting ahead of itself?

Pattern: Channel Up on 1D.

Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the RSI has entered its 1 year Buy Zone.

Target: 4450 (the 1.382 Fibonacci extension, which has been the most modest target for a Higher High within the Channel Up).


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