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InvestingScope

S&P500: Neutral within the Triangle.

Long
S&P 500 Index (FOREXCOM:SPX500)  
InvestingScope  
FOREXCOM:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators us500 S&P 500 (SPX500) SPX (S&P 500 Index) standardandpoors5000 usstockindices
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trendanalysis chartpattern indicator us500 spx500 spx standardandpoors5000 usstockindices
S&P500 is trading within a Triangle on the 4H chart (RSI = 53.651, MACD = -10.000, ADX = 26.709). The price is now testing the 4H MA50 and if broken we expect it to reach the Lower High trend-line. The RSI broke above a 20 day bearish trend-line so we are expecting a break above the Triangle towards the 3,168 Resistance.



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