S&P500 on the 1day MA50 again

S&P500 / US500 approached the 1day MA50 again. This level has been supporting since the March 29th break out (almost 1 month).

Buy as long as it holds and target the dashed Rising Resistance at 4230.

Sell if the price closes under the 1day MA50 and target the Megaphone's bottom at 4030.

The 1day RSI is consolidating inside a Rectangle whose highs and lows give accurate sell/ buy signals inside the Megaphone.

Previous chart:

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