Long scenario 1 The SP experiences weakness next week, moves below 200 EMA, RSI also low AND the SP meets resistance at high 20s low 30s. This may be an excellent entry point with targets in the region 50-65 (trend line).
Long scenario 2 The SP stays above 200 EMA and moves higher than 43, the same target 60 (trend line) but most likely reached sooner.
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.
Long scenario 2 The SP stays above 200 EMA and moves higher than 43, the same target 60 (trend line) but most likely reached sooner.