S&P500: Bottom formed on the 4H MA200. Target 6,140.

20 thg 11

The S&P500 is neutral on its 1D technical outlook (RSI = 51.959, MACD = 37.160, ADX = 31.912) as it is on a sideways trade forming the new bottom of the Channel Up between the 4H MA50 and 4H MA200. The 1D RSI is on a bullish divergence that was present on both prior bottoms. Both rose by at least +5.30% after. That rise projection from the bottom is our target (TP = 6,140).


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##