S&P500 hit the top of 24 month Channel giving a sell signal.
The S&P500 index / US500 hit the top of the Channel Up that started in August 2022.
If the 1week RSU crosses under its MA trend line, we will have a sell confirmation, much like July 31st 2023 and February 20th 2023.
The minimum decline has been -6.06%. Another one of this magnitude, conveniently tests the 0.382 Fibonacci level of the Channel Up and more importantly the 1day MA100 (happened on all corrections).
Sell and target 4970.
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If the 1week RSU crosses under its MA trend line, we will have a sell confirmation, much like July 31st 2023 and February 20th 2023.
The minimum decline has been -6.06%. Another one of this magnitude, conveniently tests the 0.382 Fibonacci level of the Channel Up and more importantly the 1day MA100 (happened on all corrections).
Sell and target 4970.
Follow us, like the idea and leave a comment below!!
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