S&P500 remains long term overbought on its 1D technical outlook (RSI = 76.195, MACD = 151.770, ADX = 51.648) but on the short term it is trading inside a very steady Channel Up. This pattern is now on a bullish wave that, based April's leg is capped on the 1.786 Fibonacci. Target the reversal to the 0.786 Fibonacci (TP = 7,408). The short term trend remains bullish unless the price breaks under the 1H MA200.
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
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Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.