SPX500 Will Go Up From Support! Buy!

١٧ ديسمبر ٢٠٢٣

Please, check our technical outlook for SPX500.

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

The market is approaching a significant support area 4716.60.

The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4881.09 level.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

٢١ ديسمبر ٢٠٢٣

ملاحظة

I am confident in this trade so I will keep it open!