S&P500: Strongest buy opportunity of the next 6 weeks.

S&P500 is approaching the HL trend line (started November 3rd 2022) on nearly oversold 1D technicals (RSI = 38.159, MACD = -14.370, ADX = 33.442). The main Support is S1 is at 3885 and the price may touch it as it may form a similar bottom to December 22nd with the 4H RSI needing to turn oversold at 30.000 first.

Regardless of that we are turning long on the S&P for the next 6 weeks, targeting R1 (TP1 = 4,015), R2 (TP2 = 4,075) and R3 (TP3 = 4,190).



## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##