S&P500 On the 4hour MA50. Sell if this breaks.

S&P500 / US500 almost touched today the 4hour MA50 for the first time since June 1st.

This is a Support and as long as it holds (along with the Channel Up), buy and target Resistance A at 4500.

If the price crosses under the Channel Up, sell and target the 1day MA50 at 4235.

If the 4hour RSI makes a Bullish Cross before 4235 gets hit, then book the profit on the short earlier and switch to buying again.


Previous chart:


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