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US 500
Long

S&P500 1 month rally ahead. Target 6300.

260
The S&P500 / US500 is trading inside a Channel Up since mid July 2024.

Today's downside gap opening tested the 1day MA100 for the 2nd time in 2 weeks and buying pressure immediately kicked in.

The 1day MACD pattern is identical to the September 06 2024 1day MA100 rebound. This ended up with a rally to the 1.786 Fibonacci extension.

Buy and for the next 30 days at least target 6300 (1.786 Fib).

Previous chart:

S&P500 bottomed on its Falling Wedge. Strong short term upside.


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TheCryptagon
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Chart PatternsS&P 500 E-Mini FuturesindexTechnical IndicatorsSPX (S&P 500 Index)Trend Analysisus500

Disclaimer

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Chart PatternsS&P 500 E-Mini FuturesindexTechnical IndicatorsSPX (S&P 500 Index)Trend Analysisus500
TheCryptagon
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰

TELEGRAM: t.me/thecryptagon
Also on:

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.