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RizeSenpai

S&P 500: Bullish Butterfly and Bullish Bat Type 2 Confluence

Long
S&P 500 Index (SP:SPX)  
RizeSenpai  
SP:SPX   S&P 500 Index
Trend Analysis Harmonic Patterns Technical Indicators Bullish Butterfly Bullish Bat type2 Bullish Divergence SPX (S&P 500 Index) US SPX 500 sp500index
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trendanalysis harmonicpatterns indicator bullishbutterfly bullishbat type2 bullishdivergence spx spx500usd sp500index
After a decent bullish type 1 reaction the SPX has come back down to the zone and looks to be showing moderate exaustion. If we can get that MACD to cross and the RSI to curl out of the oversold region we could very well see the SPX stage a rally before the end of this week or at the start of next week. That should take it to the true target of atleast $4120 or higher.
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