S&P500 Be ready to buy the pull-back if needed.

This is a short-term update on the 4H time-frame which I rarely use for S&P500 on my November 30 idea:


As you see on that recent post, the 1D MA50 worked well once more in catching the correction within the multi-month Channel Up and the index has been rebounding strongly this week. This long-term Channel has worked very well at identifying tops as well:


Anyway back to the current situation/ chart and the 4H time-frame. The index has entered the High Volatility Cluster of November, which was basically a prolonged Resistance Zone. As long as the 4745 Resistance doesn't breaks, there are high probabilities for a pull-back towards the 4H MA50 (blue trend-line), which as this long-term uptrend unfolds should form a Golden Cross over the 4H MA200 (orange trend-line). Notice also the MACD which is closer to a Bearish Cross after this very strong rally. If you missed the bottom buy around the 1D MA50, this might be the opportunity you're looking for a new entry.


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