S&P500 extending the Channel Up to 4390.
The S&P500 index / US500 is extending the uptrend after crossing today over the 4330 Resistance of August 16th 2022.
The May Channel Up pattern may be transitioning to a more aggressive June Channel Up pattern supported by the 4hour MA50.
Our long term target is still a +8.90% rise from the last bottom on March 13th but are slightly downgrading it to 4390.
The 4hour RSI is also inside a Channel Up, with the current rise being similar to May 24th/28th.
Previous chart:
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The May Channel Up pattern may be transitioning to a more aggressive June Channel Up pattern supported by the 4hour MA50.
Our long term target is still a +8.90% rise from the last bottom on March 13th but are slightly downgrading it to 4390.
The 4hour RSI is also inside a Channel Up, with the current rise being similar to May 24th/28th.
Previous chart:
Follow us, like the idea and leave a comment below!!
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