US 500
Long

S&P500 Channel Up testing its bottom.

291
S&P500 is trading inside a Channel Up that just hit its MA200 (4h).
This is a strong short term buy opportunity for the next bullish leg.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 6200 (+3.29% rise like the previous bullish leg).

Tips:
1. The RSI (4h) got oversold. The last 3 times this happened, the price immediately rebounded.

Please like, follow and comment!!

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.