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InvestingScope
Mar 21, 2023 7:24 PM

S&P500: Testing February's Resistace. Key to the trend. Long

US 500Capital.com

Description

The S&P500 is testing February's LH trendline again for the first time since March 6th on strong bullish 4H tech (RSI = 64.370, MACD = 14.890, ADX = 34.844). This is also where the 0.5 Fibonacci level is and right over it the 4H MA200. We will target R1 if the LH breaks (TP1 = 4,080) and R2 (TP2 = 4,160) as long as the 0.618 holds upon re-test.


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Comments
Tauruseas
do you sell courses??
Tauruseas
how much is your mentorship
InvestingScope
@Tauruseas, See our telegram handle above in our signature or in our profile description and send us a message there for more details.
Lingrid
Nice and interesting analysis
JoeChampion
I agree on the stock market bullish bias if Fed goes dovish!
WIZAPE
excelent
KlejdiCuni
Very good trading plan. Thanks for sharing with us.
TORNADOF5
i hope it fill down gap indeed
thanks
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