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InvestingScope
Jul 24, 2020 3:02 PM

S&P500: Testing the Support. Action plan. 

US SP 500 CFDFOREX.com

Description

S&P is trading within a Channel Up on the 4H chart (RSI = 43.121, MACD = 1.310, ADX = 35.999) and is right now testing not only the 3,200 Support but also the Higher Low trend-line of the Channel Up.

This is a bullish signal which we are taking and will close within 3,275 - 3,292, which is practically the Resistance Zone. If however the 3,200 Support breaks, we will switch to selling towards the 3,115 Support.



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