S&P500 / US500 took a big hit today following the higher than expected PCE, causing a price rejection on the 4hour MA50.
So far however the drop stopped exactly at the top of the former Channel Down of February-March.
With the 4hour RSI on the same level as March 10th, if this level holds, it will be a huge retest buy signal and will start a new bullish wave.
Based on this, we'd expect the 1day MA50 to be targeted at 5,850.
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So far however the drop stopped exactly at the top of the former Channel Down of February-March.
With the 4hour RSI on the same level as March 10th, if this level holds, it will be a huge retest buy signal and will start a new bullish wave.
Based on this, we'd expect the 1day MA50 to be targeted at 5,850.
Follow us, like the idea and leave a comment below!!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.