S&P500 A buy Signal from the RSI and MACD

Pattern: Fibonacci Channel on 4H.

Signal: Buy as every time the MACD made a Bullish Cross, while the RSI had already hit its 4 month Support Zone, the index rose and made a new High. Last confirmation will be to close one session above the 4H MA50, which has previously been a mid-term Resistance within that Channel prior to a new High.

Target: 4000 (just below the 1.382 Fibonacci extension which has been an accurate metric of the next Higher High since December).



Most recent S&P500 signal:



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