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Indice S&P 500
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S&P OverBought, a pullback is coming.

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After a month's amazing rally, S&P is OverBought (Yellow), as shown in "9 Seasons Rainbow Indicator", OverBought appears in 1H, 2H, 4H time frames.
Similar situation appeared on Oct 2018, the difference is the time frame level with OverBought is higher than this time.
In addition, S&P is touching the previous resistance. A pullback is coming.
Note
---------- Disclaim ----------02/2019
This is only a personal opinion and does not serve as investment nor trading advice.
You should make their own decisions, carefully assess risks and be responsible for investment and trading activities.
Note
SPX500 is dumping as expected, perfect timing.
go8686
Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
Technical IndicatorsoverboughtpullbackresistancerejectionSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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Technical IndicatorsoverboughtpullbackresistancerejectionSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis
go8686
Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.

Publications connexes

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.