S&P500 Has started the new 1 month bullish leg
S&P500/ SPX has been on Higher Highs/ Higher Lows in the past 3 days, forming a bullish reversal exactly on the bottom of the 5-month Channel Up.
The RSI is very similar to the previous bullish leg in January.
Buy and set Target A at 4050 (Fibonacci 0.618 within Channel Zone 0.5 - 0.618) and Target B at 4280 (Fibonacci 1.236 extension and top of the Channel Up).
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The RSI is very similar to the previous bullish leg in January.
Buy and set Target A at 4050 (Fibonacci 0.618 within Channel Zone 0.5 - 0.618) and Target B at 4280 (Fibonacci 1.236 extension and top of the Channel Up).
Follow us, like the idea and leave a comment below!!
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