- We can see that both 50 and 200 are below price which indicates that price is in a uptrend and we should be looking for signals only.
-The higher timeframes are also showing signals and momentum which adds extra confluence for me to go long for S&P500 .
-Another confluence is that my is in line with the 61.8% level which means that price will more likely react well to the fib level.
Let's See how the S&P500 will do during the week!
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