S&P 500 IndexLong
SPX Update 4HR Sept 12
The S&P500 gapped-up with this morning's open as expected from the bullish posturing left over from last week.
Things to note:
- Bullish cross of 9 above 21
- Bullish cross of 100 above 200
- Gapped up +0.50% @ open
- Bull target #1 resistance @ 50SMA $4117
- RSI gettin there but still room to go
If I had to call it, I'd say we tag the 50 on the 4HR and then come back down to fill the gap & cool-off the RSI.
If I'm wrong, next level is the 300SMA @ $4156 to the upside.
Things to note:
- Bullish cross of 9 above 21
- Bullish cross of 100 above 200
- Gapped up +0.50% @ open
- Bull target #1 resistance @ 50SMA $4117
- RSI gettin there but still room to go
If I had to call it, I'd say we tag the 50 on the 4HR and then come back down to fill the gap & cool-off the RSI.
If I'm wrong, next level is the 300SMA @ $4156 to the upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.