S&P500 Top formed on the 19 month Channel Up. Correction to 4950
The S&P500 index hit yesterday the top of the 19 month Channel Up. That was the first time since it started trading.
This is a strong sell signal and considering that the MA50 (1d) has been intact since the November 3rd 2023 bullish break out, we expect to cross under it now.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 4950 (-6.00%, 0.618 Fib and Support A).
Tips:
1. The RSI (1w) is posting the same sequence just under the Rising Resistance that it did during the July 27th 2023 High. An additional sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
This is a strong sell signal and considering that the MA50 (1d) has been intact since the November 3rd 2023 bullish break out, we expect to cross under it now.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 4950 (-6.00%, 0.618 Fib and Support A).
Tips:
1. The RSI (1w) is posting the same sequence just under the Rising Resistance that it did during the July 27th 2023 High. An additional sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰