{"id":11860,"date":"2022-04-04T08:01:43","date_gmt":"2022-04-04T08:01:43","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11860"},"modified":"2023-05-09T08:04:21","modified_gmt":"2023-05-09T08:04:21","slug":"sp500-can-rise-temporarily-but-4400-likely-mid-term","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/04\/04\/sp500-can-rise-temporarily-but-4400-likely-mid-term\/","title":{"rendered":"S&#038;P500 can rise temporarily but 4400 likely mid-term."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>S&amp;P500 print a Head &amp; Shoulders pattern last week and naturally dropped below the 4H MA50 (blue trend-line) for the first time in two weeks (since March 15). The pull-back is now neutralized and we see today a bullish reaction. This rise can be temporary and even though a test of the recent High is possible, it is more likely to see in the medium-term a test of the 4H MA200 (orange trend-line) and even lower.<\/p>\n<p>The guide for this is the fact that both price wise and based on the RSI on the 4H time-frame, the rise since the March 15 low is quite similar to that of October 01 &#8211; November 10 2021. As you see on the chart, the index formed a similar Head and Shoulders pattern that initially dropped below the 4H MA50 and even though it made one last mini-rally to the Head of the formation, it eventually pulled much lower, below the 4H MA200 and 1D MA50 (red trend-line). Currently this rough pull-back projection is around 4400.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/SPXUSD\/XBJwIFXy-S-P500-can-rise-temporarily-but-4400-likely-mid-term\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/SPXUSD\/XBJwIFXy-S-P500-can-rise-temporarily-but-4400-likely-mid-term<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; S&amp;P500 print a Head &amp; Shoulders pattern last week and naturally dropped below the 4H MA50 (blue trend-line) for the first time in two weeks (since March 15). The pull-back is now neutralized and we see today a bullish reaction. This rise can be temporary and even though a test of the recent High<\/p>\n","protected":false},"author":611,"featured_media":11861,"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-11860","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\/11860","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=11860"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11860\/revisions"}],"predecessor-version":[{"id":11864,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11860\/revisions\/11864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11861"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}