SPX500USD Is Very Bullish! Long!

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Take a look at our analysis for SPX500USD.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a key horizontal level 5,386.5.

Considering the today's price action, probabilities will be high to see a movement to 5,439.7.

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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أغلقت الصفقة: تم الوصول للهدف

That was an excellent trade and the target was reached too!