SPX500 Will Move Higher! Buy!

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Here is our detailed technical review for SPX500.

Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 5,976.37.

Considering the today's price action, probabilities will be high to see a movement to 6,081.10.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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ملاحظة

I evaluated the trade and decided to keep it running!