S&P500 hit the 1D MA50. New buy opportunity.

I haven't updated my SPX outlook every since predicting that perfect buy on the 1D MA100 (green trend-line) on December 20:


Right now a new (short-term this time) opportunity arises as the index hit today its 1D MA50 (blue trend-line). The chart above (1D time-frame) shows that, on this Channel Up that held for the whole 2021, after every 1D MA100 bottom, the re-test of the 1D MA50 is a short-term support towards a new Higher High at the top of the Channel Up. In fact it resembles a lot the March 25 2021 1D MA50 test.

Technically the new Higher High is made on the 2.0 Fibonacci extension. Currently you can set two medium-term targets one just below the 1.5 Fib (4850) and the other just below the 2.0 Fib (4960).



--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------