S&P500 is having a short pull back today after crossing over Resistance 1 (4515). Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year. This bullish wave draws similarities with May-June.
Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses under the MA50 (1d).
Targets: 1. 4640 (Resistance 2 and top of both Channel Up patterns). 2. 4200 (projected course of the MA200 1d).
Tips: 1. The RSI (1d) is trading inside its own Channel Up. A break under it, could be an early sell signal to watch for the MA50 (1d).