S&P500: Rejected on 2month Resistance.
The S&P500 index got rejected on Friday marginally under the R1 Zone (4,100 - 4,140) and is pullig-back having turned the 4H time frame neutral (RSI = 54.304, MACD = 15.240, ADX = 18.708). As we discussed previously, we are following the December fractal for direction. There was a Double Top rejection on R1 during December and when it broke under the 4H MA200, the price visited the S1 Zone.
Consequently, a potential crossing under the 4H MA200 will be a bearish signal (TP = 3,800) and a crossing above 4,150 (R1 top) will be a bullish signal (TP = 4,330).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Consequently, a potential crossing under the 4H MA200 will be a bearish signal (TP = 3,800) and a crossing above 4,150 (R1 top) will be a bullish signal (TP = 4,330).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.