S&P500 The 4hour MA50 supported, +4000 incoming.
S&P500 / US500 opened lower today but managed to hold the 4hour MA50 as its Support and is having a big boost intra day.
It is not impossible to see one final pull back under the 4hour MA50 again as on August 24th but it's confirmed that this new bullish leg of the Bearish Megaphone is in full motion.
Buy and target 4440 (under the 0.786 Fibonacci and top of Megaphone).
Previous chart:
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It is not impossible to see one final pull back under the 4hour MA50 again as on August 24th but it's confirmed that this new bullish leg of the Bearish Megaphone is in full motion.
Buy and target 4440 (under the 0.786 Fibonacci and top of Megaphone).
Previous chart:
Follow us, like the idea and leave a comment below!!
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