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.
Follow us, like the idea and leave a comment below!!
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!!
thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.