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TheCryptagon

S&P500 First 4hour Golden Cross in 2.5 months.

Long
US 500 (CAPITALCOM:US500)  
TheCryptagon  
CAPITALCOM:US500   US 500
Trend Analysis Chart Patterns Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500) us500 standardandpoors spxtrading
5
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trendanalysis chartpattern indicator spx spx500 us500 standardandpoors spxtrading
S&P500 formed the first 4hour Golden Cross since January 16th, breaking above Resistance A.

The RSI is on a Rising Support, same with the previous bullish leg of January.

Following the Golden Cross, the price pulled back to Fibonacci 0.5 and then resumed the uptrend.

Regardless of this potential pullback, we remain bullish on the S&P500 index, with our Target intact at 4280.


Previous chart:

S&P500 Has started the new 1 month bullish leg

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