S&P500: All eyes on this Support.

S&P500 has turned neutral on its 1D technical outlook (RSI = 46.915, MACD = 4.060, ADX = 17.602) as it is about to test the S1 Zone, having invalidated the 1 month Channel Up. Given the oversold 4H RSI, a bounce here is likely. Selling is valid only below the S1 Zone, in which case, expect S2 to be tested (TP = 7,300).

See how our prior idea has worked out:

S&P500: Trapped within Support and Resistance. How to trade.

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InvestingScope

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Feragatname

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InvestingScope

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