S&P500: Will the 1D MA50 be tested again?
US 500 index Pepperstone: US500
The S&P 500 is neutral on its 4-hour technical forecast (RSI = 49.084, MACD = 15.420, ADX = 22.432) after today’s strong rejection below the June LH trend line. It will target a crossing below the 4H MA200 to the 1D MA50 (TP = 7,380) in a similar way as the wave from June 2 to June 10 did.
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