S&P500 Channel Down bottom buy opportunity.

2023年10月30日

The S&P500 index reached on Friday the bottom of the 3 month Channel Down and today's big (1d) green candles shows us that the Lower Low is most likely priced.
Technically this is the most ideal buy entry for a rise towards the top of the pattern.
Every top/ Lower High reached at least the 0.618 Fibonacci retracement level.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 4285 (0.618 Fibonacci level).

Tips:
1. The RSI (1d) made a Double Bottom and rebounded, a strong bullish sign. Pay attention to the Falling Resistance, you may want to book the profit earlier on a potential rejection there.

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Notes:
Past trading plan: