S&P500: Targeting 4,570 but may take a while.
S&P500 made a new yearly High today after the U.S. CPI report and solidified the 1D bullish technicals (RSI = 66.131, MACD = 48.400, ADX = 25.681). The MACD indicator if it makes a bearish cross, it will form a similar pattern to the start of May where it turned the index into a 2 week consolidation before making a new High.
We will wait for a pullback near the 1D MA100 before buying or will make a breakout buy if the price crosses over the R1. In either occassion, we will target near the top of the four month Channel Up (TP = 4,570).
Prior idea:
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We will wait for a pullback near the 1D MA100 before buying or will make a breakout buy if the price crosses over the R1. In either occassion, we will target near the top of the four month Channel Up (TP = 4,570).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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