The S&P500 got rejected twice near the MA50 (1d), causing a 7 day decline.
Since the October rise has been stronger so far than this decline, we can consider it as a Bullish Flag.
The price is approaching the MA200 (1d), where the October rally basically started.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 4380 (MA50 1d).
Tips:
1. The RSI (1d) is on the exact symmetrical level as the September 7th Low. An additional bullish signal, at least for the short term.
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Notes:
Past trading plan:
Since the October rise has been stronger so far than this decline, we can consider it as a Bullish Flag.
The price is approaching the MA200 (1d), where the October rally basically started.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 4380 (MA50 1d).
Tips:
1. The RSI (1d) is on the exact symmetrical level as the September 7th Low. An additional bullish signal, at least for the short term.
Please like, follow and comment!!
Notes:
Past trading plan:
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Also doing account management, earn +15% monthly profit!
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