S&P500 flashing a buy signal of 100% success rate since October.

The S&P500 index may have been rejected yesterday following Powell's testimony on a possible need for stronger rate hikes but technically it has reached a level and formed a certain pattern that since the October Channel Up started, it has appeared 4 timed with a 100% success rate for rebounding to a Higher High.

The Rising Support on the RSI is common on all those 4 times as well as the current formation.

Short term Target is 4130 (Fibonacci 0.5) and long term Target is 4250 (Fibonacci 0.786).


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