S&P500: First buy conditions following the top are emerging.
The S&P500 is close to a -2.89% pull back, same as the April 26th, with the 1D technicals turning neutral (RSI = 56.566, MACD = 43.450, ADX = 27.595) for the first time since June 1st. This is a standard technical pull back inside the March Channel Up that is aiming at the bottom of the Channel and the 1D MA50, which is untouched since May 4th.
We will use both 4,330 and 4,270 for a double buy entry, targeting the R1 (TP = 4,500). Pay attention also at how the 1D RSI is on the HL trendline since March, an additional buy signal.
Prior idea:
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We will use both 4,330 and 4,270 for a double buy entry, targeting the R1 (TP = 4,500). Pay attention also at how the 1D RSI is on the HL trendline since March, an additional buy signal.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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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
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