{"id":12004,"date":"2022-05-25T08:13:30","date_gmt":"2022-05-25T08:13:30","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12004"},"modified":"2023-05-10T08:15:36","modified_gmt":"2023-05-10T08:15:36","slug":"sp500-first-macd-bullish-cross-formed-since-march-15","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/05\/25\/sp500-first-macd-bullish-cross-formed-since-march-15\/","title":{"rendered":"S&P500 First MACD Bullish Cross formed since March 15"},"content":{"rendered":"

 <\/p>\n

The S&P500 index (SPX) has been trading within a Channel Down ever since the January 04 2022 All Time High (ATH). Recently (May 20) it hit the Lower Low (bottom) trend-line of the Channel for the third time (Jan 24 and Feb 24 the others) and rebounded reaching the first Fibonacci extension (0.236 Fib).<\/p>\n

Perhaps even more important than the dynamics that a rebound on the Lower Lows trend-line creates is the fact that the MACD on the 1D time-frame has just made yesterday a Bullish Cross. That is the 4th time within this pattern we see this pattern forming. All previous formation have kick-started rises (+8.90%, +7.50% and +12.00% respectively in chronological order).<\/p>\n

As a result, a minimum of +7.50% rise would see the index hit roughly 4090 and the 0.5 Fib, while a maximum of +12.00% would get it to around 4275 and the 1D MA50 (blue trend-line). A break below the recent Lower Low though may be enough to push the price even lower to the 2.0 Fib extension around 3630.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/SPXUSD\/lMdss6hN-S-P500-First-MACD-Bullish-Cross-formed-since-March-15<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The S&P500 index (SPX) has been trading within a Channel Down ever since the January 04 2022 All Time High (ATH). Recently (May 20) it hit the Lower Low (bottom) trend-line of the Channel for the third time (Jan 24 and Feb 24 the others) and rebounded reaching the first Fibonacci extension (0.236 Fib).<\/p>\n","protected":false},"author":611,"featured_media":12005,"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-12004","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\/12004","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=12004"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12004\/revisions"}],"predecessor-version":[{"id":12007,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12004\/revisions\/12007"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12005"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}