The S&P500 / US500 touched the 4hour MA50 after the Fed Rate Decision for the first time since July 11th.
This isn't a medium term buy signal as the current 2 month Channel Up, has given two strong buy entries lower, on the 4hour MA100.
We expect the price to hit it at 4510. Buy there and target the Channel Up Top at 4630 (under Resistance A).
The 4hour MACD Bear Cross formation, also hints to a pullback.
Previous chart:
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This isn't a medium term buy signal as the current 2 month Channel Up, has given two strong buy entries lower, on the 4hour MA100.
We expect the price to hit it at 4510. Buy there and target the Channel Up Top at 4630 (under Resistance A).
The 4hour MACD Bear Cross formation, also hints to a pullback.
Previous chart:
Follow us, like the idea and leave a comment below!!
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