InvestingScope

S&P: Target hit, 1D Channel Up emerging. Long.

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
TP = 2,807.75 hit while the index managed to keep the 0.618 1W Fibonacci level intact (2,703.50 on RSI = 46.971, MACD = 22.040), thereby successfully making a support level. 1D is now on Lower Highs trying to establish a Channel Up, which technically needs a Higher High above last week's 2,824.50 to be justified. 2,878.00 is the medium term target which should be accomplished half-way through November. Additional long opened with short-term TP = 2,820.

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