US 500
Panjang

S&P500 Two buy entries for the long term

188
The S&P500 has been inside a Channel Up ever since the October 13th market bottom.
Even though it didn't make a proper Higher High in February, the recent correction is still contained inside the Channel Up.
The MA50 1D is holding. If the price makes a closing under it, the Rising Support assumes controls of the trend and becomes the prevailing pattern.

Trading Plan:
1. Buy now as long as the price is closing over the MA50 1D.
2. If it closes below, buy on the Rising Support.

Targets:
1. 4140 (under Resistance Zone A) and 4300 if the price closes above Resistance Zone A.
2. 4300 (representing a +11.35% rise from the Rising Support, which is a price range delivered in both previous rebounds on this Rising Support). Also under Resistance B.

Tips:
1. The MACD 1D shows that there is still room to fall before finding a Support, enhancing Scenario 2. Lower risk buy after it makes a Buy Cross.

Please like, follow and comment!!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.