S&P500 on the 1day MA50 again Long

US 500Capital.com

Description

⋅ May 24, 2023 7:42 PM

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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Comments

TheNewsCrypto

⋅ May 30, 2023 4:58 PM

looks like we need a pull-back around these levels

VincePrince

⋅ May 30, 2023 12:32 PM

Great pricetags. Thank you for the share.

SpartaBTC

⋅ May 29, 2023 9:48 PM

A great trend channel, you can make good money on it in the volatility range you specified.

KABHI_FOREX_TRADING

⋅ May 27, 2023 11:32 AM

good work, nice

DeGRAM

⋅ May 26, 2023 11:06 AM

Thank you

melikatrader94

⋅ May 26, 2023 9:16 AM

Amazing TA, keep up the good job!

FirstNameHelen

⋅ May 25, 2023 5:12 PM

Nice summary, thanks dear friend

RLinda

⋅ May 25, 2023 4:09 PM

Great publication. You can see that you have worked through several timeframes, the older timeframes also support your arguments. Thank you for your work!

MonoCoinSignal

⋅ May 25, 2023 3:21 PM

Expertly crafted.

CryptoCheck-

⋅ May 25, 2023 2:53 PM

Great consideration. Thanks!