{"id":11700,"date":"2021-11-30T09:00:59","date_gmt":"2021-11-30T09:00:59","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11700"},"modified":"2023-05-05T09:04:57","modified_gmt":"2023-05-05T09:04:57","slug":"sp500-is-approaching-its-medium-term-buy-level","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/11\/30\/sp500-is-approaching-its-medium-term-buy-level\/","title":{"rendered":"S&P500 is approaching its medium-term buy level"},"content":{"rendered":"

 <\/p>\n

It is time to update our perspective on the S&P500, which we last analyzed a week ago when we called the exact market top on November 22:<\/p>\n

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

As you see the index got rejected that day and corrected instantly, which based on our analysis is a much needed technical correction in accordance with the long-term pattern of the 2021 Channel Up on the 1D time-frame.<\/p>\n

The price is now very close to the 1D MA50 (blue pattern) and as per the May fractal, which has been accurately following, a contact there is a highly possible bottom. Thus, a slightly further dip within 4540 – 4520 would be ideal for a new medium-term buy towards the 4740 Resistance.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/SPXUSD\/3bQFfIpt-S-P500-is-approaching-its-medium-term-buy-level<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  It is time to update our perspective on the S&P500, which we last analyzed a week ago when we called the exact market top on November 22: As you see the index got rejected that day and corrected instantly, which based on our analysis is a much needed technical correction in accordance with the<\/p>\n","protected":false},"author":611,"featured_media":11701,"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-11700","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\/11700","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=11700"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11700\/revisions"}],"predecessor-version":[{"id":11703,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11700\/revisions\/11703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11701"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}