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S&P500 Short term sell signal

462
S&P500 is pulling back after the March Channel Up topped on an overbought RSI (1d).
The MA50 (1d) has been intact since March 29th and is the support of this strong uptrend.

Trading Plan:
1. Sell on the current market price and/ or the June 16th High.
2. Buy on the bottom of the Channel Up at 4310.
3. Sell if the price closes a (1d) candle under the MA50 (1d).

Targets:
1. 4310 (bottom of the Chanenl Up).
2. 4640 (Resistance 2).
3. 4110 (bottom of the long term Channel Up).

Tips:
1. The RSI (1d) is on a Channel Up indicating that the momentum on a 3 month basis remains bullish. If it breaks below, it will confirm the sell signal.

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Notes:
Past trading plan:

S&P500 Buy opportunity approaching

Aviso legal

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