{"id":10875,"date":"2020-12-17T17:46:51","date_gmt":"2020-12-17T17:46:51","guid":{"rendered":"https:\/\/tradingshot.com\/?p=10875"},"modified":"2023-05-02T17:49:08","modified_gmt":"2023-05-02T17:49:08","slug":"sp500-preparing-an-end-of-the-year-rally-to-3780","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2020\/12\/17\/sp500-preparing-an-end-of-the-year-rally-to-3780\/","title":{"rendered":"S&P500 preparing an end of the year rally to 3780"},"content":{"rendered":"

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SPX continues to trade within the Channel Up that I previously spotted and right now the keys are a certain Fibonacci sequence as well as the MACD formation on the 4H time-frame.<\/p>\n

As you see the MACD is printing a similar formation with November 23 – 26. That was when S&P500 made its aggressive Bullish Leg from 3545 to 3655. It made its top on the -0.1 Fibonacci extension then pulled back to the 0.382 Fib retracement and took some time to price a Higher High on the -0.618 Fib extension.<\/p>\n

If the same pattern is repeated, then the price could pull back seeking support within the 4H MA50 and 0.382 Fib and then rise to the -0.618 extension which is around 3790. That would set up S&P on a nice end-of-the-year rally.<\/p>\n

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\ud83c\udf89 \ud83d\udc4d Shout-out to TradingShot’s \ud83d\udcb0\u00a0top TradingView Coin donor<\/strong>\u00a0\ud83d\udcb0 this week ==>\u00a0TradingView<\/a><\/p>\n

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Tradingview link:<\/div>\n
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https:\/\/www.tradingview.com\/chart\/SPXUSD\/aVPyJpuH-S-P500-preparing-an-end-of-the-year-rally-to-3780<\/a>\/<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

  SPX continues to trade within the Channel Up that I previously spotted and right now the keys are a certain Fibonacci sequence as well as the MACD formation on the 4H time-frame. As you see the MACD is printing a similar formation with November 23 – 26. That was when S&P500 made its aggressive<\/p>\n","protected":false},"author":611,"featured_media":10876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-10875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=10875"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10875\/revisions"}],"predecessor-version":[{"id":10879,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/10875\/revisions\/10879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/10876"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=10875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=10875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=10875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}