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TheCryptagon

S&P500 Sold Channel Up leading it higher.

Long
US 500 (CAPITALCOM:US500)  
TheCryptagon  
CAPITALCOM:US500   US 500
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) us500 S&P 500 E-Mini Futures standardandpoor500
4
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trendanalysis chartpattern indicator spx us500 es1! standardandpoor500
The S&P500 / US500 is trading inside November's Channel Up, with the price turning sideways after nearly hitting its top.

This is a comfortable bullish trade over the 4hour MA50 and looks very much like the November 5th-9th consolidation.

As long as the 4hour MA50 supports, buy and target 4850 (top of the Channel Up).

If it breaks, sell and target 4550 (bottom of the Channel Up and 4hour MA200).

Previous chart:

S&P500 The final pull back before Santa's rally!

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