SPX500USD Will Go Up! Long!

١٦ يونيو ٢٠٢٤

Here is our detailed technical review for SPX500USD.

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

The market is testing a major horizontal structure 5,430.7.

Taking into consideration the structure & trend analysis, I believe that the market will reach 5,568.2 level soon.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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

١٨ يونيو ٢٠٢٤

ملاحظة

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