The S&P500 is extending the rally inside the long term Channel Up.
The MA50 (1d) has been supporting and is untested since March 30th.
Such a strong rally undeniably created an overbought RSI (1d).
Last time the index gave a similar RSI pattern (August 10th 2022), the price gave a few more days of upside and one last push before a correction.
Trading Plan:
1. Buy on the current market price and as long as the RSI (1d) remains above its MA level.
Targets:
1. 4515 (Resistance 1 and April 21st 2022 top, near the top of the long term Channel Up).
Tips:
1. The RSI (1d) technically gives a signal that the uptrend is coming to a stop and a correction is starting, when it crosses under its MA level. Use this to your advantage in order to book the profit earlier if needed.
Please like, follow and comment!!
Notes:
Past trading plan:

The MA50 (1d) has been supporting and is untested since March 30th.
Such a strong rally undeniably created an overbought RSI (1d).
Last time the index gave a similar RSI pattern (August 10th 2022), the price gave a few more days of upside and one last push before a correction.
Trading Plan:
1. Buy on the current market price and as long as the RSI (1d) remains above its MA level.
Targets:
1. 4515 (Resistance 1 and April 21st 2022 top, near the top of the long term Channel Up).
Tips:
1. The RSI (1d) technically gives a signal that the uptrend is coming to a stop and a correction is starting, when it crosses under its MA level. Use this to your advantage in order to book the profit earlier if needed.
Please like, follow and comment!!
Notes:
Past trading plan:

Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.