S&P500 is sinking under its MA50 (1w) and is headed straight to the next support level, the MA100 (1w).
Last time it touched this level was in October 30th 2023 and that's alone a great buy signal.
It's the RSI (1w) you should be paying attention to as it is approaching the 33.00 level, which since August 2011 it has given 5 buy signals that all touched the MA100 (1w).
Obviously in 2022 we had a bear market, March 2020 was the COVID Black Swan and December 2018 the peak of the U.S.-China trade wars.
Trading Plan:
1. Buy on the MA100 (1w).
Targets:
1. 6500.
Tips:
1. This is a long term trade and it is all about your approach to risk. If you can handle unexpected dips below the MA100 (1w), then you will be greatly rewarded by the end of 2025.
Please like, follow and comment!!
Last time it touched this level was in October 30th 2023 and that's alone a great buy signal.
It's the RSI (1w) you should be paying attention to as it is approaching the 33.00 level, which since August 2011 it has given 5 buy signals that all touched the MA100 (1w).
Obviously in 2022 we had a bear market, March 2020 was the COVID Black Swan and December 2018 the peak of the U.S.-China trade wars.
Trading Plan:
1. Buy on the MA100 (1w).
Targets:
1. 6500.
Tips:
1. This is a long term trade and it is all about your approach to risk. If you can handle unexpected dips below the MA100 (1w), then you will be greatly rewarded by the end of 2025.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.