USA S&P 500 IndexShort
US500 Is Very Bearish! Sell!
Please, check our technical outlook for US500.
Time Frame: 10h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 5,477.28.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5,392.64 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Note
Great beginning for a trade, let’s hope it goes further!
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🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
✅JOIN FREE TELEGRAM: t.me/signalsproviderfx
💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx
🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
💰FREE & PREMIUM SIGNALS: t.me/signalsproviderfx
🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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