{"id":11604,"date":"2021-10-15T07:51:29","date_gmt":"2021-10-15T07:51:29","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11604"},"modified":"2023-05-05T07:57:01","modified_gmt":"2023-05-05T07:57:01","slug":"sp500-emerging-golden-cross-on-4h","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/10\/15\/sp500-emerging-golden-cross-on-4h\/","title":{"rendered":"S&P500 Emerging Golden Cross on 4H."},"content":{"rendered":"

 <\/p>\n

My most recent analysis on S&P500 was 15 days ago, when I talked about why the Bearish Ichimoku was in fact a bullish signal:<\/p>\n

\"S&P500<\/a><\/div>\n

As it turned out, the signal was accurate and SPX made a bottom on the Higher Lows trend-line of the Channel Up and rebounded. In fact it even broke above the 1D MA50, the strongest short-term bearish barrier (also the 4H MA200) and is closing in on the 4480 September 27 High.<\/p>\n

The pattern seems like a peculiar Inverse Head and Shoulders, which is a bullish formation, but perhaps even more important than that is the fact that we have a potential 4H Golden Cross (when the 4H MA50 crosses above the 4H MA200) forming. Ever since the November 2020 U.S. elections, every Golden Cross on the 4H time-frame has been heavily bullish.<\/p>\n

I mentioned on my last update that this price action resembles the February-March fractal and currently I see no reason to change that. I expect a test of the 1.5 and 2.0 Fibonacci extensions towards the end of November for a new Higher High on this long-term Channel Up.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/SPXUSD\/gRmLsCt0-S-P500-Emerging-Golden-Cross-on-4H<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  My most recent analysis on S&P500 was 15 days ago, when I talked about why the Bearish Ichimoku was in fact a bullish signal: As it turned out, the signal was accurate and SPX made a bottom on the Higher Lows trend-line of the Channel Up and rebounded. In fact it even broke above<\/p>\n","protected":false},"author":611,"featured_media":11606,"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-11604","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\/11604","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=11604"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11604\/revisions"}],"predecessor-version":[{"id":11608,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11604\/revisions\/11608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11606"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}