SPX500 is still in an uptrend, target R1-R2. Intraday Strategy
Hello traders. SPX500 is still in a downtrend but it might have an upward for tomorrow.
RSI 8 MA 8 is showing an oversold signal, in 15m,30m,45m, and 1-hour frames, this is why it might have an uptrend for tomorrow, following the Resistance, Supports and Pivot levels results.
Important take a note about this. Check the trend, confirm the uptrend when the prices cross the Pivot Point over up, and then R1, and finally the MA200. Controlling that the market doesn't reject those levels, we might get some profits with it.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20. Intraday Strategy Pivot Point Levels
R3 4,686.00
R2 4,557.20
R1 4,472.80
PP 4,428.40
S1 4,344.00
S2 4,299.60
S3 4,170.80
RSI 8 MA 8 is showing an oversold signal, in 15m,30m,45m, and 1-hour frames, this is why it might have an uptrend for tomorrow, following the Resistance, Supports and Pivot levels results.
Important take a note about this. Check the trend, confirm the uptrend when the prices cross the Pivot Point over up, and then R1, and finally the MA200. Controlling that the market doesn't reject those levels, we might get some profits with it.
Indicator MA 200, 20-8 RSI 8 MA8 Bolliger 20. Intraday Strategy Pivot Point Levels
R3 4,686.00
R2 4,557.20
R1 4,472.80
PP 4,428.40
S1 4,344.00
S2 4,299.60
S3 4,170.80