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Standardandpoors500

S&P: Long term Buy opportunity.The index has just made a Higher Low within the 1W Channel Up (RSI = 47.048, MACD = 40.350) and technically appears to be ready to rise again. Since March the 2,728 level has provided Support every time the 1D MA200 was crossed (marginally) so consider this 1W Support the limit. The Higher High sequence is projected to be completed around 3,080, which is our current TP. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CME_MINI:ES1!Long
by InvestingScope
1
S&P: 0.618 Fib on 1M. Potential Support.The index aggressively crossed the 1W Channel Up to the downside last week (RSI = 36.642, MACD = -236.100, Highs/Lows = -527.9643, B/BP = -1241.7760) presenting the first such correction on S&P since March. I has however found support near the 0.618 Fibonacci retracement level on 1M (monthly). Also the Monthly Higher Low supporting line is just below, indicating that a strong support base and buying demand zone is present on a monthly basis (RSI = 45.274, MACD = 241.800). Our target in one month's time approximately is 2,878.00 with 2,807.75 the intermediate TP.
CME_MINI:ES1!Long
by InvestingScope