S&P500: Short on the 4H MA100, Channel Down topped.US 500CAPITALCOM:US500InvestingScopeThe S&P500 has turned neutral on its 1D technical outlook (RSI = 45.660, MACD - -82.010, ADX = 43.829) as the price rebounded to the top of the Channel Down to form a LH. The bullish wave hit the 4H MA100, which is the Resistance for the past month. The 4H RSI hit its own Resistance (70.00), almost turning overbought and this is technically the most effective level to short. The bearish waves have been almost identical, the lowest of which has been -5.61%. TP = 6,250. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##