S&P500: Over July's Channel Down. Big bullish breakout.
S&P500 crossed over the Channel Down that started in late July, turned bullish on the 1D technical outlook (RSI = 60.269, MACD = 21.240, ADX = 31.244) and ahead of the U.S. CPI report is targeting the R2 level. If today's 1D candle closes over the top of the Channel Down, aim at the R2 without a pullback (TP = 4,530). If it closes under it, buy after a pullback near the 1D MA50, with the same target.
Long term, we are targeting the 2.0 Fibonacci extension (TP = 4,690), as this is the technical target of the Inverse Head and Shoulders pattern, which was validated by the 1D RSI Double Bottom on October 27th.
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Long term, we are targeting the 2.0 Fibonacci extension (TP = 4,690), as this is the technical target of the Inverse Head and Shoulders pattern, which was validated by the 1D RSI Double Bottom on October 27th.
See how our prior idea has worked:
## 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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